"Discouraged workers" are officially considered ________ the labor force and ________
A) in, unemployed
B) in, not unemployed
C) not in, unemployed
D) not in, not unemployed
D
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In Sewei's lawnmowing business, in order to produce each mowed lawn, Sewei must hire exactly one unit of capital (a lawnmower) and exactly one unit of labor. Describe the elasticity of substitution between labor and capital
What will be an ideal response?
Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn0160032040120202408080401601204060801600800Jorge should specialize in the production of which good?
A. corn B. green beans C. both D. neither
The ________ rate is the interest rate at which the Fed lends ________ to depository institutions
A) discount rate; reserves B) discount rate; gold C) federal funds rate; deposits D) federal funds rate; reserves
In the classical model, investment spending is
a. positively related to the level of income b. positively related to the interest rate c. negatively related to the interest rate d. unrelated to the interest rate e. negatively related to the price level