The number of people officially unemployed is not the same as the number of people who can't find a job because:
a. the armed forces is included.
b. some people have jobs but continue to look for a better one.
c. some people who can't find a job become discouraged and quit looking.
d. none of these.
c
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In 2012, the United States had
A) a current account deficit because imports were greater than exports. B) a current account deficit and a capital and financial account deficit. C) a capital and financial account deficit because exports were greater than imports. D) a current account surplus because imports were greater than exports. E) no change in U.S. official reserves.
Suppose there has been an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run
A) decrease; increase to its initial level B) increase; increase further C) increase; decrease to its initial value D) decrease; decrease further