If a Jobless Person Has Not Sought a Job in ________

question 110

Multiple Choice

If a jobless person has not sought a job in ________ weeks,that person is not counted in the unemployment statistics.

• A) 6
• B) 4
• C) 5
• D) 1
• E) 52

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Demand Curve

A graphical representation demonstrating the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Short Run

A period in economic analysis where some factors of production are fixed and cannot be changed.

Market Demand

The aggregate amount of a product or service that every consumer in a market is prepared and capable of buying at different price levels.