Who from among the following is counted as employed?
A. Frank would like to work, but has not looked for work because he believes no jobs are available.
B. Ray wants to work forty hours per week, but can only find work for twenty hours per week.
C. Martin has been offered several jobs in the past four weeks, but has chosen not to accept any of the offers.
D. Anna Marie spends all of her time taking care of her children at home.
Answer: B
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What will be an ideal response?
M1 is the total amount of ________ in the economy.
A. paper currency only B. coin C. paper currency and coin D. checking accounts, coin, and paper currency
Refer to the above figure. The equilibrium level of real GDP occurs
A. to the right of point A. B. at point A. C. to the left of point A. D. at the undetermined point on the graph depending upon the level of investment.
What are the major criticisms of the Laffer Curve and supply-side economics?
What will be an ideal response?