Jack graduated from college last month, but he has not yet started looking for a job. Jack is
A. Structurally unemployed.
B. Not part of the labor force and is not counted in the unemployment rate.
C. A discouraged worker and is part of the unemployment statistic.
D. Frictionally unemployed.
Answer: B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
The investment function is represented by
A) an inverse relationship between the interest rate and the value of planned investment. B) the direct relationship between the interest rate and the value of planned investment. C) the indirect relationship between taxes and government spending. D) the direct relationship between taxes and government spending.
Property taxes are currently unpopular. In the future, they will be more popular.
A. True B. False C. Uncertain
The earnings that a corporation saves for investment in other productive activities are
A) capital gains. B) tax incidence. C) transfers in kind. D) retained earnings.