If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is
A) 1000.
B) 1100.
C) 1400.
D) 1500.
B
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In the above figure, the competitive wage rate is ________ and the quantity of labor is ________
A) $7.00; 150 hours B) $8.00; 200 hours C) $6.00; 100 hours D) $8.00; 100 hours
Which of the following is most likely to cause the long-run aggregate supply curve to shift rightward?
a. A rise in energy prices b. A drop in the actual price level c. An increase in the demand for leisure hours d. An increase in the level of investment spending that is less than the depreciation of the capital stock e. A technological breakthrough with widespread practical applications
Jorge is the proud owner of The Peppered Speakeasy. When the economy collapsed, he had to lay off 20 percent of his employees. They must look for new work and are considered
A. employed. B. unemployed. C. out of the labor force. D. unemployable.
If Japan adopts an expansionary monetary policy, the value of the dollar would:
A. decrease and the U.S. trade deficit would decrease. B. increase and the U.S. trade deficit would decrease. C. increase and the U.S. trade deficit would increase. D. decrease and the U.S. trade deficit would increase.