Due to the discouraged worker effect, the labor force participation rate
A. overcounts the number of workers with a job.
B. increases during a recession.
C. decreases during a recession.
D. does not change when the unemployment rate increases.
E. overcounts the number of workers wanting a job.
Answer: C
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Which of the following is NOT a union wage and employment strategy?
A) ensuring employment for all members of a union B) maximizing aggregate income of workers C) maximizing wage rates for some workers D) minimizing the adjusted gross income of non-members
Figure 4-8
Women today are having more babies than women did fifteen years ago. The result is that mothers today have trouble finding baby-sitters and are shocked at what they must pay for child care. Which graph in Figure 4-8 best illustrates how the situation has changed?
a.
1
b.
2
c.
3
d.
4
The total cost at a zero level of output is always equal to the variable cost.
Answer the following statement true (T) or false (F)
Referring to Figure 18.3, the effect of a decrease in Japanese interest rates is represented by a movement from point:
A. b to a. B. a to b. C. b to c. D. a to d.