Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month
The Current Population Survey identifies Phillip as ________, ________ the labor force, and ________ the working-age population. A) unemployed; part of; part of
B) unemployed; part of; not part of
C) not unemployed; not part of; part of
D) not unemployed; not part of; not part of
E) not unemployed; part of; part of
C
Economics
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In an economic downturn, sticky wages and prices reduce the economy's speed of adjustment because
A) hyperinflation will likely occur. B) businesses are unable to adjust quickly to changes in aggregate demand. C) they cause deflation. D) union workers would likely quit and look for work elsewhere.
Economics
Explain how changes in the price of goods and the consumer's budget affect the budget line
What will be an ideal response?
Economics