Seasonal unemployment can occur when:
a. a recent graduate is searching for his first job
b. a ski instructor is looking for a part-time job during summer.
c. an engineer is looking for a new job after losing his job during a recession.
d. a typist is looking for a new job as his skills have become obsolete in the current labor market.
b
Economics
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When taxes are cut, aggregate demand ________ and aggregate supply ________
A) decreases; increases B) increases; increases C) increases; does not change D) increases; decreases E) decreases; decreases
Economics
Given constant returns to scale between labor and output, if it takes 1 hour to make 10 yards of cloth, then 100 yards of cloth can be made in
A) 10 hours. B) 100 hours. C) 1000 hours. D) Can't tell without knowing how much capital is used.
Economics