The presence of discouraged workers may cause:
a. the employment rate to be overstated.
b. the employment rate to be understated.
c. the unemployment rate to be overstated.
d. the unemployment rate to be understated.
e. GDP to be too large.
d
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A perfectly competitive firm produces so that its marginal cost equals the price
Indicate whether the statement is true or false
If a bank has $60,000 in legal reserves and is subject to a 10 percent reserve requirement, it could have outstanding check able deposits to the extent of
a. $60 million. b. $600,000. c. $6 million. d. $60,000.
How would the Bureau of Labor Statistics classify a person who is not working and refuses an offer of employment in order to keep looking for a better job?
What will be an ideal response?
When the supply of labor increases, the labor supply curve ______.
a. shifts upward b. shifts downward c. shifts to the right d. shifts to the left