Who among the following is NOT frictionally unemployed?
A) Andrew, a teenager who has just entered the labor market looking for his first part-time job
B) Barbara, who is re-entering the labor market after a divorce
C) Charles, who was laid off from his factory job but expects to be recalled in a few weeks
D) Diana, who has quit her job and is now looking for another
C
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According to the method of growth accounting, which of the following contribute to economic growth?
A) technological progress B) capital growth C) labor growth D) all of the above
Refer to the above figure. Which panel does not represent a possible short-run situation for a monopolistically competitive firm?
A) Panel A B) Panel B C) Panel C D) Panel D
"Stocks and bonds" are collectively known as
A. shares. B. real property. C. equities. D. securities.
The income effect of a higher real wage on the quantity of labor supply is the
A. tendency of workers to supply less labor in response to becoming wealthier. B. idea that workers feel psychologically wealthier when wages are higher, so they work more. C. effect that income must rise when wages rise. D. tendency of workers to supply more labor in response to becoming wealthier.