Someone who is available for work but has not actively looked for work in the previous four weeks would be classified as
A) employed. B) not in the labor force.
C) not in the working-age population. D) unemployed.
B
Economics
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A farmer uses M units of machinery and L hours of labor to produce C tons of corn, with the following production function C = L0.5M0.75. This production function exhibits
A) decreasing returns to scale for all output levels B) constant returns to scale for all output levels C) increasing returns to scale for all output levels D) no clear pattern of returns to scale
Economics
When real GDP is less than potential GDP, an increase in government expenditures will __________ real GDP and __________ the price level
a) increase; raise b) increase; lower c) decrease; raise d) decrease; lower
Economics