The output effect describes the situation when a monopolist sells more output and, all else equal, total revenue

Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job,

A) the labor force participation rate decreased. B) the unemployment rate increased. C) the unemployment rate decreased. D) the working-age population increased.

Aggregate supply is defined as

A. how much the economy can produce at zero unemployment. B. an amount of output the economy will produce at full employment. C. the relationship between the expenditures schedule and the leakages schedule. D. the relationship between the price level and the quantity of real GDP supplied.