Xavier is on layoff from his assembly-line job in Detroit, and he expects to return in about four weeks. During this time, he is vacationing in Florida. The Bureau of Labor Statistics would classify Xavier as
a. employed.
b. unemployed.
c. not part of the labor force.
d. a temporary retiree.
B
Economics
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If Ap is total autonomous planned spending, c is the marginal propensity to consume, s is the marginal propensity to save, and Y is the equilibrium income level, then
A) Ap/Y. B) Y = Ap/s. C) sY. D) cAp.
Economics
Scarcity would cease to exist as an economic problem if: a. we learned to cooperate and not compete with each other
b. there were new discoveries of an abundance of natural resources. c. output per worker increased. d. none of the above.
Economics