In calculating the unemployment rate, part-time workers are
A. counted as unemployed because they are not working full-time.
B. treated the same as "discouraged" workers who are not actively seeking employment.
C. used to determine the size of the labor force, but not the unemployment rate.
D. counted as employed because they are receiving payment for work.
Answer: D
You might also like to view...
The monopolistic competitor's demand curve is more _______ (elastic/inelastic) than a monopolist's demand curve.
Fill in the blank(s) with the appropriate word(s).
For an economy starting at full employment real GDP, a decrease in investment results in a(n)
A. decrease in full-employment output. B. inflationary output gap. C. recessionary output gap. D. increase in full-employment output.
With a proportional tax
A) a poor household pays a larger percentage of its income in taxes than a rich one. B) a rich household pays a larger percentage of its income in taxes than a poor one. C) all households pay the same total amount of tax. D) all households pay the same percentage of their income as taxes.
Figure 10-4
?
In Figure 10-4, if full employment occurs at an output level of 4,000 and the economy is currently at an output level of 5,000, then we can expect a(n)
A. increase in autonomous consumer spending that shifts the aggregate demand curve to the left. B. increase in wages that will shift the aggregate supply curve to the left. C. decrease in investment spending that shifts the aggregate demand curve to the left. D. decrease in wages that will shift the aggregate supply curve to the left.