Who of the following is counted as unemployed?
A) Rene, a retired chemist
B) Homer, a full-time student at a vocational school
C) Kim, a worker on strike from her company for a week
D) Glenn, a student who just graduated from college last week and is currently looking for a job
D
You might also like to view...
Imagine that the economy is at a point on that is below both AA and DD, where both the output and asset markets are out of equilibrium. Which first action is TRUE?
A) The economy will stay at this level in the short run. B) The exchange rate will first rise to a point on the AA schedule. C) The exchange rate will first rise to a point on the DD schedule. D) The AA-DD equilibrium will shift to the position of the economy. E) The output level will first increase to a position on the DD schedule.
Most of the loanable funds available to the World Bank to lend to developing nations come from
A) the sale of oil. B) developing nations. C) the world's wealthiest nations. D) the sale of international bonds that are issued by the World Bank.
What is the principal difference between the neo-Keynesian and rational expectations theories concerning stabilization policy?
High unemployment is socially wasteful. Why?