To be officially counted as unemployed, one must be
A. Not employed at a full-time job.
B. Either not working or working only part-time.
C. Actively seeking employment and currently not working.
D. None of the choices are correct.
Answer: C
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When the level of unplanned inventory investment is equal to zero, the economy is
A) in disequilibrium. B) in a recession. C) in equilibrium. D) overheating
If the money supply in the economy were at MS2, and the Federal Reserve Bank used open market operations to move money supply to MS1 the overall result in the economy would be:
A. Aggregate demand shifted in, causing GDP to fall.
B. Aggregate supply shifted in, causing GDP to fall.
C. Aggregate demand shifted out, causing GDP to rise
D. LRAS move to the FE level of output.
The civilian non-institutional population consists of everyone in the population who is
A) at least 16 years of age, in the armed forces, or institutionalized. B) at least 16 years of age. C) not in the armed forces. D) not institutionalized. E) b, c, and d
Refer to the data. The marginal cost curve would intersect the average variable cost curve at about:
A. 2 units of output.
B. 4 units of output.
C. 6 units of output.
D. 7 units of output.