According to the scenario above, in which of the following groups are all the people structurally unemployed?
A) Thorton
B) Jung
C) Thorton and Darrelo
D) Darrelo and Thorton
E) Rita, Armondo, and Chris
A
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The tradeoff exhibited by the short-run Phillips curve is
A) higher price level with lower real GDP. B) lower inflation with lower unemployment. C) changing inflation with constant unemployment. D) higher inflation with higher unemployment. E) higher unemployment with lower inflation.
The above figure shows the market for labor. The employer is a monopsony. If a minimum wage of $10 is imposed, the equilibrium level of employment is
A) 200 hours per day. B) 400 hours per day. C) 600 hours per day. D) 800 hours per day.
A rise in the dollar price of the Chinese yuan signals an appreciation of the yuan and a depreciation of the dollar
Indicate whether the statement is true or false
The opportunity cost of increased production of some good can be measured with
a. the slope of a ray to the production possibilities curve. b. the area under the curve of a production possibilities curve. c. the area of the rectangle bounded by the axes and the point on the production possibilities curve. d. the slope of the production possibilities curve. e. All of the above are correct.