Who is considered officially unemployed?
A. Shauna graduated from college last summer but is still unemployed despite her spirited search.
B. Six months after failing to get a job, Antony quits looking.
C. Teresa is working part time but she wishes to work full time.
D. Chen is going to school full time.
Answer: A
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Technological progress should lead to
A) an outward (rightward) shift in the investment function. B) an unchanged investment function. C) a downward movement of the investment function. D) less saving.
Use the figure below to calculate the cross-price elasticity of demand for good X when the price of good Y increases from $12 to $14:
A. 0.64 B. 0.20 C. 15.38 D. 0.42 E. 2.00
Something that would cause the long-run aggregate supply curve to shift to the right would be:
A. technological advance. B. increase in the growth rate of the labor force. C. discovery of a new oil reserve. D. All of these would shift the long-run aggregate supply curve to the right.
In 2010, the wealthiest 1 percent of U.S. households held about ____ percent of U.S. household wealth
A. 35. B. 77. C. 23. D. 32.