Suppose there are 12 million part-time workers and 104 million full-time workers in an economy. Four million of the part-time workers switch to full-time work. We can conclude that
A. the official unemployment rate will fall.
B. the official unemployment rate will rise.
C. the official unemployment rate will remain unchanged.
D. the size of the labor force will increase.
C. the official unemployment rate will remain unchanged.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Compare and contrast Say's views of the macroeconomy with that of Keynes. What does each have to say about the economy in relationship to its potential level of real GDP?
What will be an ideal response?
"Fluctuations in exchange rates, other things remaining the same, creates a situation in which money buys the same amount of goods and services in different currencies
" What does the previous statement describe? Will these fluctuations occur in the short run or the long run?
If a corporation fails, the first recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) no one.