A person who previously had a full-time job has been paroled from prison and has applied for a job is considered
A) a reentrant.
B) a job loser.
C) a new entrant.
D) not in the labor force.
A
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If the equilibrium price level is 135 but the actual price level is 120, then
A) firms decrease their production because they cannot sell the output they produce. B) the quantity of real GDP demanded is less than the quantity of real GDP supplied. C) the quantity of real GDP demanded is greater than the quantity of real GDP supplied. D) aggregate demand will increase to restore equilibrium. E) aggregate demand will decrease to restore equilibrium.
Which of following is most likely to happen when the dollar appreciates against the euro?
A. The prices of American goods in the European countries will decline. B. The prices of European goods in the U.S. markets will decline. C. The rate of inflation in the United States will increase. D. There will be a huge inflow of "hot money" to the European nations.