When workers loose their jobs and become officialy unemployed the number of people in the labor force remain
What will be an ideal response?
remain constant
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Only a small proportion of corporate stock owners have incomes under $100,000
Indicate whether the statement is true or false
The mechanism by which tax and transfer changes affect output differs from the process discussed above for government spending.
What will be an ideal response?
When looking at this graph for the welfare effects of a subsidy, a 50 percent decrease in the size of area F would mean ______.
a. consumer surplus increased
b. deadweight loss increased
c. quantity produced decreased
d. overall efficiency decreased
Which of the following is an example of structural unemployment?
A. An autoworker who is temporarily laid off from an automobile company due to a decline in sales. B. A geologist who is permanently laid off from an oil company due to a new technological advance. C. A worker at a fast-food restaurant who quits work and attends college. D. A real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California.