John Smith leaves his job in New York to go to California in hopes of finding a better one. If John Smith is unemployed while searching for a job in California, economists would consider him to be

From 1997 to 2003, stock prices based on the Standard and Poor's index and the share of investment spending as a component of GDP tended to

A) move in the same direction. B) be unrelated to each other. C) move in opposite directions. D) both remain relatively unchanged.

When an economy is in equilibrium,

A) planned expenditures exceed production and income. B) there is no savings nor investment. C) government tax revenues equal planned government expenditures. D) production and income equal planned expenditures.