Which of the following people would be considered unemployed?
A) Sam, a part-time worker who wishes to work full time
B) Pat, who gave up looking for a job because he was discouraged about his job prospects
C) Victoria, who does not have a job and has been actively searching for work, but turned down a job paying less than she desired
D) Shirley, who is working but expects to be laid off at the end of the month
E) Bobby, a full-time student in his last term before he graduates and who has not yet started to look for a job
C
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During a period of economic expansion, when expected profitability is high,
A) the demand curve for bonds shifts to the left. B) the supply curve of bonds shifts to the right. C) the equilibrium interest rate falls. D) the equilibrium price of bonds rises.
If two firms expect to be in the market together for a long time, the benefit of underpricing will be large relative to the cost.
Answer the following statement true (T) or false (F)
Which of the following would not affect an individual's demand?
A. The costs of inputs B. The individual's income C. The individual's preferences D. Prices of related goods
Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.
Figure 12.4There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S0 and D0.Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, the likely change in capital flow in sector X will cause the industry's short-run ________ curve to shift to the ________.
A. supply; right B. demand; left C. supply; left D. demand; right