Refer to the above information. Which individual would be classified as a discouraged worker?
The following items describe the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.
1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month, but still has not gotten a job offer.
2. George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in a few months when national economic conditions improve.
3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the Federal government cut defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills.
4. Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year, but was unsuccessful and quit looking for work.
A. Mollie
B. George
C. Jeanette
D. Ricardo
D. Ricardo
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The number by which a change in the monetary base is multiplied to find the resulting change in the quantity of money is called the
A) desired reserve ratio. B) money multiplier. C) currency multiplier. D) currency drain. E) open market operation.
In the classical model with an open economy, an increase in the trade deficit as a result of a tax cut, causes a decline in the interest rate, attracting more loanable funds from abroad
a. True b. False
When disposable income is 3750, induced consumption is
A. -500.
B. 0.
C. 500.
D. 750.
Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A. government-inhibited payments. B. transfer payments. C. government-sponsored payments. D. black market payments.