Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the unemployment rate to decrease. B) the number of discouraged workers to increase.
C) no change in the unemployment rate. D) the labor force participation rate to decrease.
D
Economics
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Refer to Figure 10.1. If only one light is installed, the people who were not responsible for the light being installed each receive a payoff of
A) 2. B) 4. C) 6. D) 8.
Economics
In the year 2014, the real GDP of Country A was $12.3 trillion. The nominal GDP calculated in the same year was $13.53 trillion. The value of the GDP deflator for Country A in 2014 was:
a. 110. b. 105. c. 107. d. 112.
Economics