Author Question: Bill looked for work for six months but could not find a job to his liking. He now spends his time ... (Read 124 times)

kodithompson · **on:** Jun 30, 2018

Bill looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered:
a. out of the labor force.
b. unemployed.
c. employed in the underground economy.
d. underemployed.

Question 2

Under a system of flexible exchange rates, a decrease in demand for a nation's currency in the foreign exchange market will:
a. make it less expensive for foreigners to buy the nation's goods.
b. make it more expensive for the nation to import goods.
c. cause the nation's balance on current account to shift toward a deficit.
d. all of the above