Which of the following groups of people would be included in the official unemployment rate?

a. part-time workers
b. workers temporarily laid off from jobs to which they expect to return
c. discouraged workers
d. all of the above

b

Economics

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Unions understand that they can end up being big winners from inflation if they sign multiyear fixed-wage contracts

Indicate whether the statement is true or false

Economics

When there is no cooperation among oligopolists, their behavior can mimic the elements of both _____ and _____

a. monopolistic competition; a monopoly b. a monopoly; competitive markets c. competitive markets; monopolistic competition d. a monopoly; contestable markets

Economics