Author Question: One problem with the unemployment rate is that: a. discouraged workers are included in the ... (Read 97 times)

crobinson2013 · **on:** Jun 30, 2018

One problem with the unemployment rate is that:
a. discouraged workers are included in the calculation.
b. the data includes part-time workers as fully employed.
c. underemployment is measured in the calculation.
d. all of these are problems.

Question 2

Which of the following is true about the demand curve for a monopolistically competitive firm?
a. It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm.
b. It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm.
c. It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm.
d. It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.