The figure above shows the market for airline tickets. In early 2008 the price of jet fuel rose. This change is shown in the figure as a shift from
A) D0 to D1.
B) D1 to D0.
C) S0 to S1.
D) S1 to S0.
C
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Average weekly claims for unemployment insurance, money supply and the index of stock prices are all examples of
A) leading indicators. B) coincident indicators. C) lagging indicators. D) None of the above
Which of the following groups of people are counted as employed?
a. People who work at least one hour a week. b. People who work at least 15 hours a week as unpaid employees of a family business. c. People who are out of work due to bad weather. d. All of these are counted as employed.
Two variables are uncorrelated if:
A. they move in the same direction. B. they move in the opposite direction. C. their movements tend to be unrelated. D. one is simply a multiple of the other.
How is the unemployment rate calculated? Describe the three principal types of unemployment