Dolly Varden is not employed. She is also not unemployed. How can that be?
A) It can't. Dolly must be either employed or unemployed.
B) Dolly must be over 65 years old.
C) Dolly must not be actively searching for a job.
D) Dolly must be a discouraged worker.
C
Economics
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Demand curves usually slope downward because of the income and substitution effects, and because of the law of diminishing marginal utility
a. True b. False
Economics
Refer to the figure. Assuming this market is representative of the economy as a whole, a positive demand shock will:
A. increase both the price level and the quantity of output produced.
B. increase output but leave prices unchanged.
C. lower the price level but leave output unchanged.
D. raise the price level but leave output unchanged.
Economics