Counting discouraged workers as unemployed would
A) lower the measured unemployment rate.
B) raise the measured unemployment rate.
C) raise the natural unemployment rate.
D) raise the full employment rate.
E) not change the measured unemployment rate.
B) raise the measured unemployment rate.
You might also like to view...
Use the following table with data for a private closed economy (an economy with only a private sector and no international trade) to answer the next question.All figures are in billions of dollars.Expected Rate of ReturnInvestmentConsumptionGDP10%$0$400$4008100500600620060080043007001,00024008001,20005009001,400An increase in the real interest rate from 2% to 6% will
A. increase the equilibrium level of real GDP by $400 billion. B. decrease the equilibrium level of real GDP by $400 billion. C. increase the equilibrium level of real GDP by $300 billion. D. decrease the equilibrium level of real GDP by $200 billion.
What is the real GDP in year 1 using base year 2?
A) $418. B) $300. C) $360. D) $338.
In a perfectly competitive market, if P > MC, then
A) too little output is being produced. B) too much output is being produced. C) production is efficient, as the firm is earning profits. D) the firm is paying a price for resources that is too high.
If MPC = 0.75, a $40 billion decrease in government purchases would have what size effect on the "first round" of induced added consumption?
a. $30 billion b. $40 billion c. $120 billion d. $160 billion