Which of the following individuals is NOT counted as unemployed?
A. Jennifer, who just graduated from college and is now seeking employment with the company of her dreams.
B. Jackie, who was recently fired and is now applying for another job
C. Jack, who has become discouraged about ever finding a job and has stopped looking
D. Jamil, who recently quit his job and is looking for a new position
Answer: C
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Suppose demand increases and supply decreases. Which of the following will happen?
What will be an ideal response?
What determines the the real interest rate in the long-run classical model?
A. aggregate supply and demand B. money supply and demand C. savings and investment D. inflation
Among potential stores of value, money
A) offers the highest rate of return. B) increases in value during periods of inflation. C) has the advantage of being the most liquid asset. D) provides more services than the other assets.
What is the difference between accounting profits and economic profits? Which of the two concepts is more appropriate for explaining decisions made by entrepreneurs? Explain
What will be an ideal response?