The BLS count Jody as being unemployed if she _______
A. had a job last month but not this month
B. doesn't have a job because the U.S. factory where she worked cannot compete with cheap Chinese imports
C. wants a job and looked for a job last year but has now stopped looking
D. wants a job and is willing to take a job but after searching last week cannot find a job
D To be counted as unemployed, a person must be without a job, available for work, and made specific efforts to find a job within the past 4 weeks.
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Good Boy Super Treats produces healthy treats for dogs. At its current advertising level, Good Boy Super Treats marginal cost of advertising is $1.3 million and their marginal benefit is $1 million. Which of the following is true?
A) The firm should increase the amount of advertising to increase its net profit. B) The firm should reduce the amount of advertising to increase its net profit. C) If the firm decreases the amount of advertising, its net profits will decrease. D) The firm is currently maximizing its net profit.
The two basic ways to define money are
A) the transactions approach and the fiduciary approach. B) the transactions approach and the M1 approach. C) the transactions approach and the liquidity approach. D) the liquidity approach and the store of value approach.
Index funds are financial intermediaries, but municipal bonds are not
a. True b. False Indicate whether the statement is true or false
If you are told that the government had an actual budget deficit of $50 billion, then you would:
A. Know that fiscal policy was expansionary B. Know that fiscal policy was contractionary C. Know that fiscal policy was producing a cyclical deficit D. Not be able to determine the direction of fiscal policy from the information given