Tatiana is waiting to be recalled to a job from which she was laid off. Ivan was fired but has not looked for work during the last two months. Who does the Bureau of Labor Statistics count as "unemployed"?
a. Tatiana but not Ivan
b. Ivan but not Tatiana
c. both Ivan and Tatiana
d. neither Ivan nor Tatiana
a
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What are the effects of an expansionary monetary policy on interest rates and output in an open economy with fixed exchange rates?
What will be an ideal response?
How does this graph show that ES ? 1?
a. P1 to Q2 is greater than P2 to Q1
b. P1 to Q2 is less than P2 to Q1
c. Q1 to Q2 is greater than P1 to P2
d. Q1 to Q2 is less than P1 to P2
Large deficits can retard economic growth.
Answer the following statement true (T) or false (F)
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, which of the following is most likely to occur?
A) Consumer surplus will increase. B) Producer surplus will increase. C) Entry of new brokers will increase. D) Social welfare will increase.