Suppose u = those adults who are unemployed and seeking work; e = those adults who are employed; and NLF = those adults not in the labor force. Which expression would equal the BLS definition of the unemployment rate?
a. u / (e + NLF)
b. u / e
c. u / (u + e)
d. u / (e + NLF)
e. u / (u + e ? NLF)
c
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A. has inelastic demand. B. is below its equilibrium price. C. is an inferior good. D. is a normal good.
What is a monopolist, and what is required for a monopolist to earn profits in the long run?
What will be an ideal response?
Adding more resources causes:
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Laws that governments enact to regulate prices are called price barriers.
Select whether the statement is true or false. A. True B. False