Which of the following statements would come from someone classified as unemployed?
A. I'm not working. I had three interviews this week, and I'm trying to find a job.
B. I haven't had a job in a year, and I stopped looking for a job nine months ago.
C. I'm a full-time student at the University of Illinois who doesn't have time to work.
D. I can't stand my current job as a telemarketer. I used to be a nuclear engineer.
Answer: A
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GDP data alluding to the start of a recession in January 2015 was published and analyzed by the Fed in July 2015
The Fed held meetings to formulate a monetary policy to deal with the recession, and then it enacted the chosen policy in September 2015. It was December 2015 before the policy actually began to affect the economy. The three-month period from September 2015 to December 2015 exemplifies a(n) A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
Inoculation against communicable diseases is an example of an activity that generates positive externalities
a. True b. False Indicate whether the statement is true or false
Which of the following would be a credit in the U.S. balance of payments?
a. the purchase of a German car by an American b. the purchase of insurance from Lloyds of London by a U.S. resident c. a trip to Japan by an American student d. a short-term loan extended to a South American country by the United States government
The concept of the production function implies that a firm using resources inefficiently will
A. obtain exactly the amount that the theoretical production function shows. B. obtain less output than the theoretical production function shows. C. obtain more output than the theoretical production function shows. D. not be subject to diminishing marginal product.