Which of the following statements would come from someone classified as unemployed?
a. I'm not working because I'm going to Jamaica with my buddy.
b. I haven't had a job in a year, and I stopped looking for a job nine months ago.
c. I'm a full-time student at the University of Illinois who doesn't have time to work.
d. I can't stand my current job as a telemarketer. I used to be a nuclear engineer.
e. I'm not working. I had three interviews this week, and I'm trying to find a job.
e
You might also like to view...
Suppose the foreign exchange market is in equilibrium and that the interest rate in Russia increases. How would the foreign exchange market be affected?
a. The supply of Russian rubles will decrease. b. The demand for Russian rubles will decrease. c. The Russian interest rate has no effect on the market. d. The supply of Russian rubles will increase. e. The demand for Russian rubles will increase.
A tax on the wages that a firm pays its workers is called
a. an income tax. b. an excise tax. c. a consumption tax. d. a payroll tax.
Cyclical unemployment occurs when real GDP falls below potential GDP.
Answer the following statement true (T) or false (F)
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.