Marginally attached workers
A. are not looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months.
B. don't have jobs and are pessimistic about their chances of finding a suitable job.
C. have a bad attitude towards work.
D. are working part-time, but they want full-time work.
Answer: A
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Imagine two economies that are identical except that, for a long time, economy A has had a money supply of $1,000 billion while economy B has had a money supply of $1,500 billion. It follows that
a) the price level, but not real GDP is higher in country B. b) real GDP and the price level are higher in country B. c) real GDP, but not the price level, is higher in country B. d) neither the price level or real GDP is higher in country B.
Given the following table, how many workers should be hired to maximize profits?LaborMarginal Product LaborVMPLWage18$32$100232$128$100316$64$1004-1$-4$1005-12$-48$100
A. 1 B. 2 C. 3 D. 4