Juan recently lost his job as a travel agent, which he has had for 20 years, because the demand for his services has fallen over time as more and more people book their vacations online
Unfortunately, Juan has not been able to find a new job because he lacks the skills needed to get hired in other industries where job growth is occurring. Juan is considered to be A) structurally unemployed.
B) frictionally unemployed.
C) cyclically unemployed.
D) a marginally attached worker.
E) not in the labor force.
A
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A decline in the desired level of capital and investment will result from ________
A) a rise in the real price of capital B) a decrease in the rate of depreciation C) a decrease in the real interest rate D) a decrease in the real price of capital
Homer's Donut Shoppe has the production function q = 10L +20L2 - 5L3. The average product of labor is
A) AP = 10 + 20L - 5L2 B) AP = 10 + 40L - 15L2 C) AP = 10L D) AP = 10 + 20L
A public good is nonrivalrous and excludable
a. True b. False Indicate whether the statement is true or false
Inflation target refers to the commitment of central bankers to keep inflation below a certain rate for the next year or two
Indicate whether the statement is true or false