People who are currently not working but are actively looking for work are officially classified as
A) employed and out of the labor force. B) unemployed and out of the labor force.
C) employed and in the labor force. D) unemployed and in the labor force.
D
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Politicians have often kissed babies to improve their re-election prospects. A rational politician will kiss babies as long as
A) the public is impressed. B) the marginal benefits exceed the marginal costs. C) there is a camera crew to document the activity. D) the babies are cute.
Revisions in the interest rate target
a. occur on a daily basis b. have widespread impacts on the financial markets c. require Congressional approval d. are based solely on data gathered in previous quarters e. are a no-lose opportunity for the Fed
Explain how each of the following affects the natural rate of unemployment: a . the introduction of unemployment programs that temporarily replace lost income for unemployed workers b. government funding for campus career placement centers that teach
students how to write resumes and interview, and that schedule and coordinate on-campus interviews with potential employers c. government legislation that mandates that large employers hold jobs for employees who leave to take care of infants or sick family members
Poor families are eligible for financial assistance, without having to demonstrate any additional "need,"
a. under the current welfare system and under a negative income tax. b. under the current welfare system but not under a negative income tax. c. under a negative income tax but not under the current welfare system. d. under neither the current welfare system nor under a negative income tax.