Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the number of employed workers, which of the following occurred?

A) The labor force participation rate increased.
B) The unemployment rate increased.
C) The labor force participation rate decreased.
D) The unemployment rate decreased.

Answer: D

Economics

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Fisher's quantity theory of money suggests that the demand for money is purely a function of ________, and ________ no effect on the demand for money

A) income; interest rates have B) interest rates; income has C) government spending; interest rates have D) expectations; income has

Economics

In the short run, a perfectly competitive firm will always shut down if, at all output levels above zero,

a. price is less than average total cost b. total revenue is less than total cost c. they cannot pay variable costs with total revenue d. variable cost is greater than fixed cost e. price is less than fixed cost

Economics