George loses his job. The BLS will consider him unemployed
A) immediately.
B) only after his severance pay runs out.
C) only after he begins to actively seek another job.
D) even if he accepts a cheaper part-time job.
C
You might also like to view...
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country B could potentially make would be:
A. (400 iPods, 2,000 tablets). B. (200 iPods, 1,500 tablets). C. (300 iPods, 450 tablets). D. (400 iPods, 1 tablet).
The value of money rises as the price level
a. rises, because the number of dollars needed to buy a representative basket of goods rises. b. rises, because the number of dollars needed to buy a representative basket of goods falls. c. falls, because the number of dollars needed to buy a representative basket of goods rises. d. falls, because the number of dollars needed to buy a representative basket of goods falls.
Suppose Oscar withdraws $100 from his checking account and deposits it into his savings account. This transaction causes M1 to
A. Remain the same and M2 to increase by $100. B. Increase by $100 and M2 to remain the same. C. Decrease by $100 and M2 to remain the same. D. Decrease by $100 and M2 to increase by $100.
The ________ rate is the rate at which one currency can be traded for another
A) explicit exchange B) nominal exchange C) expected exchange D) real exchange