Using the official measure of unemployment, which of the following people is considered unemployed?
A) a part-time worker who wishes to work full time
B) a person who gave up looking for jobs because he or she was discouraged about his or her job prospects
C) a person who has been searching for work, but turns down a job paying a lower wage rate than desired
D) a person who is working but expects to be laid off at the end of the month
C
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Why is money you receive at some future date worth less to you than money you receive today?
What will be an ideal response?
For all but the highest quintile, the share of market income going to each quintile is
A. lower for after-tax income than for before-tax income. B. higher for after-tax income than for before-tax income. C. equal for after-tax income but unequal for before-tax income. D. unequal for after-tax income but equal for before-tax income.
Which of the following is not "crowded out" by higher interest rates as a result of expansionary fiscal policy?
A) net exports B) private investment C) consumption D) government spending
According to the ____ view, a nation's wealth consists of the amount of gold or other monies at its command
a. Keynesian b. free trade c. mercantilist d. monetarist