Discouraged workers are ________ in the unemployment rate, and this tends to ________ the unemployment rate
A) counted; overstate
B) counted; understate
C) not counted; overstate
D) not counted; understate
D
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What is the present value of $50,000 to be received after one year, if the market rate of interest is 8% per year?
A) $44,110.98 B) $44,322.87 C) $46,296.30 D) $48,376.21
The supply curve for portable charcoal grills shifts
a. only when production technology changes. b. when a determinant of the supply of portable charcoal grills other than the price of portable charcoal grills changes. c. when any determinant of the supply of portable charcoal grills changes. d. only when the number of sellers of portable charcoal grills changes.
When the U.S. price level increases, economists predict a:
A. decrease in expenditure. B. movement down along the aggregate demand curve. C. shift to the right of the aggregate demand curve. D. shift straight up of the aggregate demand curve.
A firm will choose to shut down rather than operate as long as
A. price is greater than or equal to AFC. B. MC is greater than AVC. C. price is less than AVC. D. AVC is greater than AFC.