If a person worked at least 15 hours per week as an "unpaid" worker in a restaurant owned by her family, how is she classified by the Bureau of Labor Statistics?
A) as not in the labor force
B) as an unemployed person
C) as an employed person
D) as a discouraged worker
C
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Discuss the meaning of the phrase of supply-side economics, discussing how it is similar and different from the traditional classical model. Make sure to discuss the role of the Laffer curve in supply-side theory
What will be an ideal response?
Which of the following macroeconomic schools of thought has dominated the economics profession from the 1940s through the 1960s?
a. New classical economics b. Classical economics c. Keynesian economics d. Rational economics e. Positive economics
Which of the following is included in the investment component of GDP?
a. households' purchases of newly constructed homes b. net additions to firms' inventories c. firms' purchases of capital equipment d. All of the above are correct.
Perpetuity
What will be an ideal response?