Which of the following individuals is NOT counted as unemployed?
A) Jackie, who was recently fired and is now applying for another job
B) Jennifer, who just graduated from college and is now seeking employment with the company of her dreams.
C) Jamil, who recently quit his job and is looking for a new position
D) Jack, who has become discouraged about ever finding a job and has stopped looking
D
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Refer to the above figure. Perfect income equality is shown by
A) the horizontal axis. B) the vertical axis. C) curve A. D) curve D.
When crowding out occurs, higher government spending results in higher interest rates, which in turn results in:
A. higher inflation. B. less consumption and investment. C. a larger debt ceiling. D. more tax revenues.
The Lorenz curve shows what portion of total money income is accounted for by
A. different proportions of a country's households. B. only the wealthiest citizens. C. taxpaying citizens only. D. only poor people.
A monopolist ________ if it chooses to sell fewer units of output.
A. can set its price wherever it desires B. can increase the price C. must decrease the price D. cannot change the price