Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. As a result of this, all else equal, the official unemployment rate would:
A. decline.
B. increase.
C. increase in the short run but eventually decline.
D. be unchanged.
A. decline.
Economics
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The following graph depicts demand. 
The price elasticity of demand at point A is:
A. 2/5. B. 8/5. C. 5/8. D. 5/2.
Economics
Which of the following is the best example of a variable cost?
a. property taxes b. lease payments for equipment rental c. rent on office space d. wages for hourly workers e. interest on outstanding loans
Economics
The Japanese keiretsu is an example of a(n) ________.
A. Mform of organization B. Uform of organization C. mixed design D. network organization
Economics
A _______ monopoly is an industry in which it makes economic sense to have only one provider.
A. competitive B. natural C. original D. specific
Economics