In September 2014, the official U-3 unemployment rate dropped from 6.1 percent to 5.9 percent. This change could have been caused by
A) unemployed workers giving up looking for a job.
B) part-time workers getting a full-time job.
C) full-time workers becoming part-time workers.
D) workers who had previously given up looking for a job starting to look again.
A
You might also like to view...
The farther the Lorenz curve for income is from the line of equality, the more ________ is distributed
A) equally wealth B) unequally income C) unequally wealth D) equally income
Suppose the economy is producing at the natural rate of output. A decrease in consumer and business confidence will cause ________ in real GDP in the short run and ________ in inflation in the short run, everything else held constant
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
Assuming full employment, if the private sector saves 8 percent of its income and the government raises taxes by $500 to finance public investments, total investment will increase by $460.
Answer the following statement true (T) or false (F)
(Consider This) Some economists believe that modest inflation, say 2-3 percent, might help reduce unemployment during recessions. What is the argument of economists who reject this idea?
A. Consumers would stop buying goods at higher prices, reducing demand, output, and employment. B. Firms will pocket the profits resulting from higher prices and have no incentive to expand output and employment. C. Wages and other costs would rise with the inflation, keeping firms from expanding employment. D. Consumer spending would shift to cheaper imported goods, reducing domestic demand and employment.