Firms report that their workers are working no overtime. The government reports that the unemployment rate is 13.5%. In this situation, the multiplier is likely to be
A. negative.
B. zero.
C. large.
D. small.
Answer: C
You might also like to view...
The labor demand and labor supply schedules are given in the table above. If a minimum wage of $9 per hour is imposed,
A) a surplus of 300 workers occurs. B) a shortage of 300 workers occurs. C) there is no surplus or shortage of workers. D) the quantity demanded is 1,000 workers. E) there is unemployment of 700 workers.
In the above figure, at the firm's profit maximizing output, total revenue is rectangle
A) 0P1AQ1. B) 0P3FQ3. C) 0P5EQ5. D) 0P2BQ1.
In general, GDP per capita is not highly correlated with alternative measures of quality of life
a. True b. False Indicate whether the statement is true or false
The current worth of future income after it is discounted, to reflect the fact that future dollars are worth less than current dollars, is called
a. the net present value of the income. b. arbitrage. c. the inflationary premium. d. the real interest rate.