If you are out of work and are not looking for a job, then:
a. you are classified as "unemployed."
b. You are part of the unemployment rate, but you are not part of the workforce.
c. You are part of the unemployment rate, because you are part of the workforce.
d. You are not classified as "unemployed," because you are no longer a part of the workforce.
e. None of the above.
.D
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A currency appreciation
A. reduces aggregate demand and increases aggregate supply. B. reduces aggregate demand and aggregate supply. C. increases aggregate demand and reduces aggregate supply. D. increases aggregate demand and aggregate supply.
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
The higher the price elasticity, the
A. less sensitive quantity demanded is to price changes. B. more sensitive price changes are to quantity demanded. C. less sensitive price changes are to quantity demanded. D. more sensitive quantity demanded is to price changes.
The demand for luxurious goods are usually unaffected by an increase in income
a. True b. False Indicate whether the statement is true or false