Figure 7.2Refer to Figure 7.2. Assume that Ashley faces budget line CD with her $120 income. Then the prices of a hamburger and a book are:
A. $2 and $5, respectively.
B. $3 and $6, respectively.
C. $4 and $7, respectively.
D. $5 and $8, respectively.
Answer: B
Economics
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The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed
Explain how the unemployment rate and the labor force participation rate would change.
Economics
A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
Economics