The term discouraged worker refers to an individual who:
a. prefers full-time employment but works only part time
b. has given up looking for a job because he has lost the hope of getting a new job.
c. is jobless because of the seasonal nature of his job.
d. is jobless because of a recession in the economy.
b
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Which of the following statements is true?
A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation. D) Correlation arises when there is causation and can also arise even when there is no causation.
An individual having an unusually bad year will be on her short-run consumption function at a point ________ her long-run consumption function, with an unusually ________ saving ratio
A) above, high B) above, low C) below, high D) below, low