A discouraged worker is:
a. one who opts to quit work to attend college
b. one who opts to quit searching for work after unsuccessfully seeking employment.
c. a part-time worker who would like to work more hours.
d. none of the above.
b
Economics
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The inflation rate in January of 2009 as measured by the CPI was zero. If inflation were to remain at zero for a long period, what would be the effect on velocity?
a. It will decrease. b. It will increase. c. It will remain constant. d. Velocity is unrelated to interest rates.
Economics
The long-run aggregate supply curve occurs at the level of real GDP consistent with
A. the natural rate of unemployment. B. low levels of inflation. C. no inflation. D. individuals' tastes and preferences.
Economics