Which of the following best fits the definition of unemployed?
A) retired and not working
B) working less than a full work week
C) not working but looking for a job
D) not working at a gainful pursuit, either in or out of the home
C
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Equal increases in government spending and taxes will:
a. cancel each other out so that the equilibrium level of real GDP will remain unchanged. b. lead to an equal decrease in the equilibrium level of real GDP. c. lead to an equal increase in the equilibrium level of real GDP. d. lead to an increase in the equilibrium level of real GDP real GDP that is larger than the initial change in government spending and taxes. e. lead to an increase in the equilibrium level of output that is smaller than the initial change in government spending and taxes.
A key for a monopoly that wants to practice price discrimination is to be able to control the resale of its product
a. True b. False Indicate whether the statement is true or false