Someone who does not have a job but is not counted as unemployed, such as a retiree, is:
A. not in the civilian labor force.
B. considered employed.
C. still, nonetheless, part of the civilian labor force.
D. not counted in the civilian adult population.
Answer: A. not in the civilian labor force.
You might also like to view...
The inflation rate is:
A. the percentage change in the overall price level. B. the central concept in microeconomics. C. a measure of the rate of increase in the cost of imported goods. D. is not something that can be accurately measured with the CPI.
Which of the following examples shows the problem caused by the Fed’s lack of control over certain financial entities?
a. The Fed’s expansionary policy backfires because the government raises taxes. b. The Fed’s contractionary policy backfires because the estimated MPC is inaccurate. c. The Fed’s expansionary policy is neutralized by decreased consumer confidence. d. The Fed’s contractionary policy is counteracted by the policies of Chinese banks.
Refer to the accompanying figure.
Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending increases by 1,000, then the new short-run equilibrium output (Y) is equal to:
A. 24,000. B. 16,000. C. 6,000. D. 14,000.
An increase in the quantity demanded of a good is most often due to:
A. an increase in wages paid to workers. B. higher prices. C. a decrease in the price of a substitute good. D. lower prices.