Which of the following best describes how the U.S. Department of Labor treats discouraged workers in its calculations?
a. They are counted as unemployed members of the labor force.
b. They are counted as unemployed but not as members of the labor force.
c. They are not counted as unemployed but are counted as members of the labor force.
d. They are not counted as unemployed or as members of the labor force.
d. They are not counted as unemployed or as members of the labor force.
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Which of the following could cause the supply of carrots to decrease?
a. Consumers' incomes decrease. b. There is a technological advance in carrot production. c. Fertilizer costs increase. d. The number of farmers growing carrots increases. e. The price of carrots decreases.
The aggregate-demand curve shows that a decrease in the price level
a. decreases the dollar value of goods and services demanded in the economy. b. decreases the real value of goods and services demanded in the economy. c. increases the dollar value of goods and services demanded in the economy. d. increases the real value of goods and services demanded in the economy.