Bill just graduated with his degree in economics. Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks. Bill is considered
A) not in the labor force.
B) frictionally unemployed.
C) structurally unemployed.
D) cyclically unemployed.
E) employed because he is visiting firms.
B
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Currency includes coins and paper money in circulation and stored in the federal reserve vaults
a. True b. False Indicate whether the statement is true or false
The sample regression line
A. maximizes the sum of the squared differences between the data points in a sample and the sample regression line. B. shows the actual (or true) relation between the dependent and independent variables. C. is used to estimate the population regression line. D. is estimated by the population regression line. E. connects the data points in a sample.
One major difference between the aggregate supply curve and an individual supply curve is the aggregate supply curve represents:
A. goods and services sold rather than the total actually produced by each firm. B. production in an entire market rather than just one firm. C. goods and services produced and actually sold by each firm. D. production in the economy as a whole rather than just one good or service.
If a purely competitive firm is producing at some level less than the profit-maximizing output, then:
A. price is necessarily greater than average total cost. B. fixed costs are large relative to variable costs. C. price exceeds marginal revenue. D. marginal revenue exceeds marginal cost.