An employed individual is one who:
A) has been actively looking for jobs.
B) was previously employed but has quit his job voluntarily.
C) has a full-time or part-time paid job.
D) is performing household chores for free.
C
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In the textbook, there was a discussion of the average numbers of hours worked in the U.S. being around 34 hours per week. As you enter the work force, do you expect this number to increase or decrease?
What will be an ideal response?
Hyperinflation can be defined as an inflation rate of
A) 50% or more per month. B) 50% or more per year. C) 50% or more decade. D) All of the above are appropriately defined as hyperinflation.
Investment is equal to all purchases of newly produced capital goods
A) minus changes in business inventories. B) plus fixed investment minus inventory investment. C) plus changes in business inventories. D) plus changes in business inventories plus purchases of new residential housing.
Use the above figure. If this monopolist was not regulated, the profit-maximizing quantity and price would be
A. Q3 and P2. B. Q2 and P1. C. Q4 and P1. D. Q2 and P3.