Eric was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. The Bureau of Labor Statistics counts Eric as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. not in the labor force.
a
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The predictive accuracy of relative purchasing power parity improves if:
a. Both countries have highly mobile capital markets. b. Both countries have central bank controls in place so that exchange rates change in an orderly manner. c. Both countries under consideration have very high inflation rates. d. Both countries under consideration have high growth rates. e. Both countries are either developed or undeveloped (i.e., one is not developed and the other undeveloped).
Union membership in the United States has fallen compared to what it was in the 1950s.
Answer the following statement true (T) or false (F)
Which of the following describes Jonathan having a comparative advantage in producing apples?
What will be an ideal response?
If the multiplier is 20 and income increases by $1000, then saving will increase by
A. $1000. B. $800. C. $80. D. $50.