Frictional unemployment is a part of the unemployment rate that refers to those workers who are:
a. moving between jobs
b. no longer looking for a job because they are discouraged about their prospects.
c. jobless due to the seasonal nature of their jobs.
d. jobless due to a recession in the economy.
a
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Which of the following is NOT included in the income approach to calculating GDP?
A) wages B) profits C) interest D) net exports of goods and services E) rent
Assume that the government of a nation prohibits producers from extracting crude oil from some domestic oil fields. Which of the following will be witnessed in the market for crude oil?
a. The domestic and world price of crude oil would remain unaffected. b. The domestic price of crude oil would increase. c. Oil import from the world market would decline. d. The world price of crude oil would increase.
Which of the following goods' prices are not considered when calculating core inflation?
A. food B. housing C. clothing D. entertainment
The largest component of the M1 definition of the money supply is currency
Indicate whether the statement is true or false