Author Question: Suppose that last week 100,000 people lost their jobs or quit. We can say that A) the number of ... (Read 105 times)

jasdeep_brar · **on:** Jun 30, 2018

Suppose that last week 100,000 people lost their jobs or quit. We can say that

A) the number of unemployed increased by less than 100,000 people because we should not count those who quit their jobs.
B) the 100,000 people represent a stock known as the new unemployed.
C) the number of unemployed increased by 100,000 people.
D) the 100,000 people represent a flow known as job departures.

Question 2

Using a production possibilities curve, economic growth is represented by

A) an inward shift of the curve. B) an outward shift in the curve.
C) a movement along the curve. D) a pivot of the curve.