Underemployment occurs when workers
a. are not employed.
b. are working at jobs that do not require their full skill or productivity.
c. work part-time although they want to work full-time.
d. are working at jobs that do not require their full skill or productivity AND work part-time although they want to work full-time.
d. are working at jobs that do not require their full skill or productivity AND work part-time although they want to work full-time.
You might also like to view...
Calculate the government purchases multiplier if the marginal propensity to consume equals 0.75, the tax rate is 0.2, and the marginal propensity to import equals 0.3
A) 1.43 B) 1.6 C) 3.33 D) 4
When the LM curve is vertical,
A) fiscal policy has no impact on equilibrium income. B) fiscal policy has no impact on the equilibrium interest rate. C) the economy is at full employment. D) monetary policy has no impact on equilibrium income.
Using capital budgeting, managers seek to answer which of the following questions?
A) Does the anticipated future cost exceed the profit enjoyed in the current period? B) What is the expected future cost? C) What is the expected future profit? D) Does the anticipated future profit cover the cost incurred in the current period?
Why does the aggregate demand (AD) curve slope downward? What could cause the AD curve to shift to the right? What impact would a rightward shift of the AD curve have on the economy?