Fiscal policy
A) uses the tool of interest rates to stimulate private savings.
B) uses the tools of taxation and spending in an effort to address inflation and unemployment.
C) uses the tool of the exchange rate to discourage imports.
D) uses the tool of business regulation to increase economic efficiency.
B
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Counting part-time workers who are looking for full-time work as employed overstates the degree of joblessness in the economy
Indicate whether the statement is true or false
Which one of the following individuals would be classified as structurally unemployed?
A) Joe was laid off by by his construction company because there was a reduction in the number of houses built in the winter. B) Gail lost her job with the state because there was a reduction in the state budget. C) Tommy lost his job when the steel mill where he worked was closed because domestic producers would not produce as efficiently and cheaply as foreign firms. D) Fay lost her job in early January when the Christmas store where she worked was closed.
Scientists prefer to advance irrefutable theories, rather than refutable theories
Indicate whether the statement is true or false
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the accompanying table.Time cleaning windows (hours/day)Total number of windows cleaned0017211314416517 How many hours a day should John spend cleaning windows?
A. 2 B. 3 C. 4 D. 1