Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate
a. increases, and the labor-force participation rate decreases.
b. and the labor-force participation rate both increase.
c. increases, and the labor-force participation rate is unaffected.
d. is unaffected, and the labor-force participation rate decreases.
c
Economics
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Relative to the United States, Europe has
A) higher unemployment. B) slower job growth. C) higher real wage growth. D) A and B. E) all of the above.
Economics
Consider the utility function 
. If 
, the elasticity of substitution is equal to 1.
The elasticity of substitution for CES utility functions is 
.
Answer the following statement true (T) or false (F)
Economics