In the 1950s
A. more women were unemployed than underemployed.
B. more women were underemployed than unemployed.
C. about the same number of women were unemployed as underemployed.
B. more women were underemployed than unemployed.
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What is the relationship between the natural unemployment rate, the unemployment rate, potential GDP, and actual GDP?
What will be an ideal response?
If the central bank increases the money supply at the same time as government spending increases, then:
a. interest rates must increase. b. interest rates must decrease. c. income must increase. d. income must decrease.
If Japan levies tariffs on U.S. goods entering Japan, this will tend in the short run to:
A) benefit both Japanese and U.S. producers. B) damage U.S. producers and benefit Japanese producers. C) benefit U.S producers and damage Japanese producers. D) damage both Japanese and U.S. producers.
If the nominal money supply grows 6%, real income rises 2%, and the inflation rate is 5%, then the income elasticity of money demand is
A. 1.0. B. 0.75. C. 0.5. D. 1.5.