Individuals who have stopped looking for work after an active search because of the lack of transportation or lack of affordable child care, etc. are classified as ________ workers

The price level in the economy between 2014 and 2015 rose from 100 to 110. Between 2015 and 2016, the price level rose from 110 to 121. How does the short-run Phillips curve predict the unemployment rate will change as a result?

A) The unemployment rate will increase since inflation increased. B) The unemployment rate will decrease since inflation increased. C) The unemployment rate will decrease since inflation decreased. D) The unemployment rate will not change since there is no change in the rate of inflation.

Regulatory capture often occurs because of which of the following?

A) Patent law allows firms to gain monopoly power easily and therefore control a market. B) Government officials want stronger control over industry regulation. C) Consumer groups are effective at lobbying the government for industry regulation. D) Nearly everyone with expertise works in the regulated industry.