In the United States, part-time workers are
A) less numerous than full-time workers.
B) considered discouraged workers.
C) about as numerous as full-time workers.
D) counted as unemployed in all measures of the unemployment rate.
E) more numerous than full-time workers.
A
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Credit cards do not fulfill the three functions of money
Indicate whether the statement is true or false
Risk pooling:
A. reallocates the likelihood of catastrophes happening. B. reallocates the costs of catastrophes when they occur. C. diversifies the risk of catastrophes occurring. D. gathers individuals with similar risks and pools them together.
Refer to the above figure. Suppose point A is the original equilibrium. If there is an increase in the money supply, the new short-run equilibrium is given by point
A. A. B. B. C. C. D. D.
According to the rational expectation hypothesis, unpredictable shocks may cause
A. sustained levels of unemployment. B. uncontrollable inflation. C. long-lasting recession. D. disequilibrium in the labor market.