A person 16 years or older who does not work and does not look for work is officially classified as:
A. unemployed.
B. employed.
C. out of the labor force.
D. chronically unemployed.
Answer: C
Economics
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In the above figure, the monopolist's profit-maximizing output level is
A) A. B) B. C) C. D) D.
Economics
When a profit-maximizing firm is earning profits, those profits can be identified by
a. P × Q. b. (MC - AVC) × Q. c. (P - ATC) × Q. d. (P - AVC) × Q.
Economics
Refer to the accompanying figure.
Based on the figure, when PAE = 200 + 0.5Y, short-run equilibrium output equals:
A. 800. B. 400. C. 600. D. 1,200.
Economics
Reducing aggregate demand to fight inflation will cause higher unemployment.
Answer the following statement true (T) or false (F)
Economics