Which one of the following persons would be considered unemployed?
a. A person not working who has given up searching for a job.
b. A part-time worker looking for a full-time job.
c. A construction worker who was laid off due to cold weather.
d. A full-time college student who is not a member of the labor force.
c
You might also like to view...
When demand is unit elastic, a change in price causes total revenue to stay the same because
A) the change in profit is offset by the change in production cost. B) buyers are buying the same quantity. C) total revenue never changes with price changes. D) the percentage change in quantity demanded exactly offsets the percentage change in price.
Expansionary fiscal policy:
What will be an ideal response?
A chart that lists how much of a good a supplier will offer at various prices:
a. subsidy b. supply schedule c. law of supply d. elasticity of supply e. excise tax
In the long-run the ISLM model predicts that ________ can change real output
A) only monetary policy B) only fiscal policy C) both monetary and fiscal policy D) neither monetary nor fiscal policy