Author Question: Other things equal, as the number of discouraged workers rises in an economy, the gap between ... (Read 49 times)

magmichele12 · **on:** Jun 30, 2018

Other things equal, as the number of discouraged workers rises in an economy, the gap between potential and actual real GDP will widen.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Economics:
a. is a natural science like biology and chemistry.
b. is a science built on survey data and declared preferences (what people say they are going to do) not on revealed preferences (how people actually behave).
c. is a science concerned with reaching generalizations about human behavior, not unlike sociology or psychology.
d. is concerned with predicting business conditions in the future, not with the current state of the stock market.