The economy has gone into a recession. You have majored in computer science and, because of the recession, have difficulty in finding a job. According to the information in the chapter, should you go back to school and get a second major?
A) Yes, the recession will ensure that you will never find a job as a programmer.
B) Yes, the recession will lower income in my field permanently.
C) No, the recession will most likely be short-lived and I can get a job after it is over.
D) No, the recession will have no impact on my ability to get a job or my future income.
Answer: C
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One measure of the inflation rate is the
A) sum of the CPIs of adjacent years. B) percentage change in the CPI of adjacent years. C) percentage change in the Real GDP of adjacent years. D) GDP minus the Real GDP in a year.
Which of the following statements is true?
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Explain how firms determine the right quantity of labor to employ.
What will be an ideal response?