A discouraged worker is an individual who has been unemployed for a significant amount of time and has given up looking for a job because he or she is demoralized about his or her job prospects

According to economic theory, profits are maximized where

A) total revenue equals total cost. B) marginal revenue equals marginal cost. C) price and average cost are equal. D) where marginal product and average cost are equal.

An economy in which output has decreased and prices have increased would suggest that there has been a:

A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.