If 1-year interest rates for the next three years are expected to be 1, 1, and 1 percent, and the 3-year term premium is 1 percent, than the 3-year bond rate will be

Discouraged workers

A) are considered part of the unemployed because they are not working. B) are not considered part of the unemployed because they quit their jobs voluntarily. C) are not considered part of the unemployed because they are not actively seeking work. D) are considered part of the unemployed because they are still in the labor force.

Refer to Table 2.3. What can be observed about the given resources?

A) Capital is fixed. B) Capital is variable. C) Capital and labor are both fixed. D) Labor is fixed.