The unemployment rates in the U.S. from 2002 to 2012 were in the range of:
A. 4.6% to 9.6%
B. 1.5% to 4.5%
C. 8.4% to 12.4%
D. 10.7% to 14.7%
B. 1.5% to 4.5%
Economics
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Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as:
A. structurally unemployed. B. frictionally unemployed. C. not in the labor force. D. employed.
Economics
Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
Economics