During a recession, the ________
A) number of discouraged workers decreases
B) unemployment rate decreases
C) employment-to-population ratio increases
D) number of marginally attached workers increases
D
Economics
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As wages and prices become more sticky ________
A) the short-run Phillips curve gets flatter B) wages become less responsive to unemployment deviations from the natural rate C) it becomes easier to differentiate the short-run from the long-run Phillips curve D) all of the above E) none of the above
Economics
Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. What is the consumer surplus?
a. 200 b. 400 c. 600 d. 800
Economics