Which of the following falls into the largest unemployment category during a recession?
A. A factory worker who is laid off due to the temporary closing of a plant during a recession.
B. A recent college graduate entering the labor force for the first time.
C. A woman who left the labor force to raise children and now wants to return to work.
D. A teenager looking for his or her first summer job.
Answer: A
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What will be an ideal response?
Given the data in the above table, what is the marginal revenue when the 14th unit is sold?
A) $7.00 B) $5.00 C) $3.00 D) $1.00
Which of the following is a fiscal policy tool used to stimulate the economy?
A. Increased imports. B. Reducing inefficient employment of resources. C. Increased government purchases. D. Lower interest rates.
Explain whether it is possible for nominal GDP to increase and real GDP to decrease in the same period
What will be an ideal response?