A full-time student who is not working is categorized as
A) unemployed.
B) employed.
C) not in the labor force.
D) a discouraged worker.
E) frictionally unemployed.
Answer: C
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The above (incomplete) table provides information about the relationships between labor and various product measures. The total product that can be produced with 6 units of labor is
A) 20. B) 19. C) More information is needed to answer the question. D) None of the above answers is correct.
Refer to Figure 19-8. The equilibrium exchange rate is at A, $1.25/euro. Suppose the European Central Bank pegs its currency at $1.00/euro. Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2
After the shift, A) there is a surplus of euros equal to 400 million. B) there is a surplus of euros equal to 500 million. C) there is a shortage of euros equal to 800 million. D) there is a shortage of euros equal to 1,000 million.
Keynesians prefer a disinflation policy of
A) cold turkey. B) stabilization. C) gradualism. D) aggregate demand management.
The Antitrust Division of the Department of Justice carefully scrutinizes mergers. Why?