If someone who was working full time is now only working part time, this change in status will cause the unemployment rate to
A) increase.
B) decrease.
C) remain unchanged.
D) It depends on how many hours this person is now working each week.
C
Economics
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Potential GDP is defined as
A) the amount of GDP produced if there is no structural unemployment. B) the level of GDP attained when all firms are producing at capacity. C) the maximum of GDP that the economy can produce. D) the amount of GDP produced if there is no frictional unemployment.
Economics
As shown in Figure 7-4, for income to be unchanged when there is an autonomous decline in investment, the interest rate would have to
a. rise to r0. b. fall to r2. c. remain constant at r1. d. None of the above
Economics