Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variables are
A) the number of workers finding jobs and the number of workers separating from their jobs.
B) the number of workers separating from their jobs and the number of unemployed workers.
C) the number of unemployed workers and the number of workers finding jobs.
D) the number of workers finding jobs, the number of workers separating from their jobs, and the number of unemployed workers.
A
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A substantial appreciation of the U.S. dollar will likely result in, all else equal,
A) lower demand for U.S. products and layoffs of U.S. workers. B) increased demand for U.S. products and increased employment of U.S. workers. C) lower foreign currency prices of U.S. products in foreign countries. D) higher U.S. dollar prices of foreign products in the United States.
Refer to the above figure. At an income of $10,000, saving is
A) 0. B) $13,000. C) $3,000. D) -$3,000.
The portion of income that is spent on productive inputs, such as factories, machinery, and inventories, is called:
A. investment. B. savings. C. consumption spending. D. loanable funds.
How many units would the given profit-maximizing nondiscriminating monopolist produce?
A. 1.
B. 2.
C. 3.
D. 4.