A(n) __________ is a person who was previously employed, hasn't worked for some time, and is currently reentering the labor force
A) discouraged worker
B) entrant
C) reentrant
D) job loser
E) job leaver
C
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In the short run, which of the following actions raises the interest rate?
A) a decrease in the demand for money B) an increase in bond prices C) an increase in the quantity of money D) an increase in the demand for money
The aggregate demand curve shows the alternative combinations of the price level and real income that result in simultaneous equilibrium in both the goods and money markets
Indicate whether the statement is true or false
Choosing to have your clothes laundered instead of starching and ironing them yourself because it takes you an hour to iron shirts because you can do many other things in a hour more productively is an example of:
a. Sunk Cost b. Time Value of Money c. Law of Comparative Advantage d. Law of Supply and Demand
The basic economic goal of American labor unions is
A. to increase the real income of their members. B. to increase the real income of all workers. C. to improve the nominal wages of their members. D. to improve working conditions.