When there's a shortage in the number of jobs available when teenagers look for summer jobs, the type of unemployment that arises is called

A normal good is defined as a good for which the demand curve

A) shifts leftward as income increases. B) shifts rightward as income increases. C) slopes downward to the right. D) is perfectly price elastic.

The income of the town of Kennebunkport has been growing by 2 percent per year. If this growth continues into the future, how long will it take until the town's income has doubled?

a. About 36 years b. About 24 years c. About 96 years d. About 50 years e. About 144 years