42 Cyclical r is closelty associated with 43 The labor force equal. the b, numbe

Question

42 Cyclical r is closelty associated with 43 The labor force equal. the b, number of people who unemployed. g nuwmber of people employed plus the sumber of people unempkoye d. adult population. 44 who of the following would be counted as-mployed occording tooffcal statistics a. Shasta, who is wairing for her new job to start who worked only 35 hours last week Karen, who neither has a job nor is looking for one c. d. None of the above would be counted as unemsployed 45. A college student wbo is not working or looking for a job i a. neither employed nor part of the labor force b unemployed and in the labor force. s unemployed, but nct in the labor force. d, employed and in the labor force. 46. The natural loyment rate includes a. both frictional and structaral unemployment. b. neither frictional nor structural unemployment c. structural, but not frictional unemployment d. frictional, but not structural unemployment. 47, Real GDP is the production of final goods and services valued at a. current year prices b. constant prices. c. future year prices d. the ratio of current year prices to constant year prices 48. If firms in a monopolistically competitive market are carning positive profits, a. firms will likely be subject to regulation. b. barriers to entry will be strengthened c. some firms must exit the market d. new firms will enter the market 49. Advocates for advertising argue that the efficiency of markets is enhanced when advertising a. focuses on issues other than the prices of products. b. is psychological rather than informational. decreases the elasticity of demand for a product. c. d. provides information that is useful to consumers. 50. Macroeconomics includes the study of topics such as a. national output, the inflation rate, and the trade deficit. b. the price of Cisco stock, wage differences between genders, and antitrust laws. c. differences in market structure, and how consumers maximize utility d. None of the above are correct. 51. To compute GDP we a. simply sum the number of final goods and services. b. sum the cost of producing final goods and services. c. use weights determined by a survey regarding how much people value different sorts of -7

Explanation / Answer

42) Option b is correct.

43) Option c is correct.

44) Option d is correct.

45) Option a is correct

46)Option a is correct

47) Option b is correct

48) option d is correct

49) Option d is correct

50) Option a is correct

51) Option a is correct

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