A reentrant is an individual
A. in the labor force who quits voluntarily.
B. who used to work full time but left the labor force and has now reentered it looking for a job.
C. who has never held a full-time job lasting two weeks or longer but is now seeking employment.
D. in the labor force whose employment was involuntarily terminated.
Answer: B
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When all workers who want jobs have them and the demand for and supply of labor are in equilibrium,
A) the unemployment rate will be zero. B) unemployment is at its natural rate. C) the economy will be experiencing high rates of inflation. D) frictional unemployment will be zero.
If something is a store of value, then a necessary condition is that it must
a. serve as a yardstick for measuring the value of other goods b. have a means of holding its value for future use c. be convertible into gold d. be a precious metal, such as gold or paper money e. be accepted as payment for any purchase
Which of the following statements is true?
A) If the opportunity cost of current consumption is high, people will save less. B) If the opportunity cost of current consumption is high, the inflation rate will increase. C) If the opportunity cost of current consumption is high, the unemployment rate will decrease. D) If the opportunity cost of current consumption is high, people will save more.
In October of 2014, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent. What has been the impact on money demand from this fall in the interest rate?
A) the money demand curve shifted to the right B) the money demand curve shifted to the left C) the quantity of money demanded increased D) the quantity of money demanded decreased