Two groups of workers not counted as unemployed in the official unemployment statistics are ________ workers.
A. chronically unemployed and involuntary part-time
B. chronically-unemployed and discouraged
C. chronically unemployed and short-term unemployed
D. discouraged and involuntary part-time
Answer: D
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Refer to Figure 4-1. If the market price is $2.00, what is Arnold's consumer surplus?
A) $0.50 B) $1.00 C) $1.50 D) $3.00
The 1990-91 recession was caused by a Federal Reserve policy change designed to minimize the adverse economic effects of the Gulf War
a. True b. False
Along the IS curve, which of the following markets are in equilibrium?
A) the money and forex markets B) the goods and forex markets C) the goods and money markets D) the goods, money, and forex markets
Explain what the J-curve is and why it occurs
What will be an ideal response?