A marginally attached worker is a person who ________
A. works part time for economic reasons
B. works part time for noneconomic reasons
C. doesn't work, is available and willing to work, but hasn't looked for job recently
D. has no job but would like one and has gone back to school to retrain
C Answer C is essentially the definition of a marginally attached worker.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Which aspect of macroeconomics generates the most controversy?
A) economic growth B) the causes of business cycles C) supply and demand D) competitive equilibrium
Holding demand constant, a reduction in supply leads to
A) lower prices and higher quantity demanded. B) lower prices and lower quantity demanded. C) higher prices and higher quantity demanded. D) higher prices and lower quantity demanded.
Short-run contractionary Fiscal Policy would result in
A. aggregate demand moving to the right. B. aggregate demand moving to the left. C. aggregate supply moving to the left. D. aggregate supply moving to the right.