Yuan recently completed his college degree and is entering the labor market for the first time. He has been submitting applications and has been interviewed twice in the last two weeks, but so far has not found a job. Yuan would be classified as
a. frictionally unemployed
b. seasonally unemployed
c. structurally unemployed
d. cyclically unemployed
e. not yet in the labor force
A
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An increase in the expected future domestic exchange rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
The Reagan tax cuts of the 1980s
A. had not impact on the budget deficit. B. decreased the budget deficit. C. increased the budget deficit. D. initially decreased the deficit but later increased it.
Which of the following is a labor resource?
A. A computer programmer. B. A computer. C. Silicon (sand) used to make computer chips. D. A piece of software used by a firm.
When a firm uses technological improvements to increase output from the same amount of inputs, the result is
A) a new production function. B) losses. C) guaranteed profits. D) diseconomies of scale.