Discouraged workers are included in
a. the number of unemployed.
b. frictional unemployment.
c. the labor force.
d. None of the above is correct.
d
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The 2006-2008 period can be accurately described as a time of stagflation
a. True b. False Indicate whether the statement is true or false
Each of the Reserve Banks has a president who is:
A. appointed by the bank's board of directors but approved by the board of governors. B. appointed by the board of governors but approved by the bank's board of directors. C. selected from the Board of Directors. D. elected by the commercial banks in their district.
Other things remaining the same, which of the following is likely to increase both the wage rate and the number of workers hired in a steel-producing factory?
A) An increase in the opportunity cost of leisure B) A decrease in the opportunity cost of leisure C) The introduction of labor-saving technology in the factory D) The introduction of labor-complementary technology in the factory
If the interest rate is 5 percent, what is the present value of $5,000 five years from now?
What will be an ideal response?