The unemployment rate will increase whenever there is a(n):
A. increase in the number of persons classified as unemployed.
B. increase in the number of unemployed persons relative to the size of the labor force.
C. increase in the size of the U.S. population and there is no change in the number of persons classified as employed.
D. reduction in the size of the labor force.
Answer: B
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Buyer Power Nora's Nicest Knick Knacks has sold a variety of products to hundreds of small retailers. Over time, she has added distributers who have a talent for finding more retailers for Nora. Now, over half of her sales go through just two of these
distributers. Rather than making periodic orders as stock gets low, these distributers make only a few large purchases each year. How can these aspects of her buyer relationships affect how much of the value she creates that she gets to capture?
In terms of microeconomic analysis, what is the function of "utils"?
A. a measurement of utility B. applies to changes in income C. a form of budget constraint D. relates to a consumers original choice
Policy activists' hope that they can undertake successful stabilization policy is ________ by the fact that natural real GDP ________ during recessions
A) improved, falls B) worsened, falls C) improved, increases D) worsened, increases
As the time to respond to a change in market conditions increases, the odds of demand being elastic: a. Increase
b. Decrease. c. Stay the same. d. Cannot be determined.