Sonia was a great bookkeeper 20 years ago, then left the workforce to stay home and raise her children. Now that they're in college, Sonia looks for another bookkeeping job, but they all require computer skills that she doesn't have. Sonia would be considered:
A. frictionally unemployed.
B. structurally unemployed.
C. Sonia is not in the labor force..
D. seasonally unemployed.
B. structurally unemployed.
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The quantity theory of money implies that:
A) inflation is equal to the gap between the growth rate of money supply and the current real interest rates. B) inflation is equal to the gap between the growth rate of money supply and the growth rate of nominal GDP. C) inflation is equal to the gap between the growth rate of money supply and the current nominal interest rates. D) inflation is equal to the gap between the growth rate of money supply and the growth rate of real GDP.
A(n) ________ is represented by a rightward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in quantity demanded; increase in demand B) decrease in demand; decrease in quantity demanded C) increase in demand; increase in quantity demanded D) increase in demand; decrease in demand
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
The average total cost curve is represented by which curve?
A. I B. II C. III D. IV
Explain why current account deficits may or may not be harmful to a country
What will be an ideal response?