Which of the following persons would be considered unemployed?
a. A house wife
b. A 15-year-old looking for summer employment
c. A person who worked more than 20 hours in a family-owned business
d. A recent college graduate looking for her first job
e. A full-time student
d
You might also like to view...
Which of the following explains the recent decline in union membership in the United States?
a. smaller government safety nets b. slower technological change c. the change from a manufacturing to a service-based economy d. increasing market concentration e. none of the above
Economic models suggest that movie stars have salaries that
a. can only be explained by looking at specific movie stars and their individual salaries. b. are about equal to their marginal revenue products. c. understate their full contribution to the movie studio's revenue-as the celebrities are the main reason that people go to see movies. d. greatly exceed their marginal contribution to the movie studio's revenue.
The aggregate supply curve shows the:
a. Direct relationship between the price level and real GDP purchased b. Direct relationship between the price level and real GDP produced c. Inverse relationship between the price level and real GDP purchased d. Inverse relationship between the price level and real GDP produced
The aggregate demand curve sloping downward can be explained in part through:
A. the negative relationship between the price level and government spending. B. the positive relationship between the price level and net exports. C. the wealth effect. D. All of these are true.