By excluding discouraged workers from the labor force,
A. the unemployment rate would fall.
B. labor productivity increases.
C. the unemployment rate would rise.
D. the unemployment rate stays the same.
Answer: A
Economics
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If the demand for a monopoly's output shifts rightward, the change in quantity produced is NOT predictable because
A) the monopoly is a profit maximizer. B) the monopoly is a price taker. C) the monopoly has no supply curve. D) the monopoly's marginal cost curve might not be upward sloping.
Economics
In 2004, Jamal lost his job as a shipbuilder. His shipyard never reopened, and his very specialized skills as a shipbuilder were no longer in demand. Jamal's unemployment is best classified as _____
a. cyclical b. structural c. seasonal d. frictional e. voluntary
Economics