Which of the following individuals is NOT counted as unemployed?
A) Jackie, who was recently fired and is now applying for another job
B) Jennifer, who just graduated from college and is now seeking employment with the company of her dreams.
C) Jamil, who recently quit his job and is looking for a new position
D) Jack, who has become discouraged about ever finding a job and has stopped looking
D
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In October of 2014, the nominal interest rate earned on money market accounts was around 0.20 percent. This interest rate is a measure of which of the following?
A) the opportunity cost of holding money B) the inflation rate C) the demand for money D) the real interest rate
Suppose we observe a decrease in the equilibrium price of tuna and an increase in the equilibrium quantity of tuna. This is best explained by:
A. a decrease in the cost of fuel used by tuna fishing boats. B. a decrease in the expected future price of tuna. C. an increase in the price of salmon, a substitute for tuna. D. a decrease in the tuna population in the oceans.