Which of the following statements is incorrect?
a. The unemployment rate overstates the labor market's true level of economic hardship because many families have more than one income earner.
b. It is mathematically and economically impossible for the unemployment rate and employment rate to rise at the same time.
c. By reporting that they are "actively seeking work" when they are not, individuals cause the unemployment rate to rise above the true level of hardship.
d. Because part-time workers are counted as fully employed the unemployment rate understates the true level of economic hardship.
.B
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The text uses many examples to illustrate ideas. In the analysis of mergers, it mentioned that R. J. Reynolds merged with all of the following firms except
a. Nabisco b. Coca-Cola c. Kraft d. Del Monte e. Hawaiian Punch
Which of the following would cause a movement along the investment function?
A. optimistic expectations about business conditions B. technological progress C. an increase in the rate of interest D. a decrease in business taxes