Provide a brief response (no more than two sentences) for each of the following questions. You must explain your answer
Posted: Sun Jul 03, 2022 1:05 pm
Provide a brief response (no more thantwo sentences) for each of the following questions. You mustexplain your answer clearly.
(i) Jane quit her job to stay home to take care of her youngchildren. Is she unemployed?
(ii) A company increased the salaries of its workers by 20%. Isthis an example of an increase in the money supply?
(iii) To calculate an economy’s GDP, we should add up allexpenditures on goods and services. Is this correct?
(iv) When the prices of raw materials and energy used by toiletpaper manufacturing companies increase, the supply of toilet paperin the market increases. Is this correct?
(i) Jane quit her job to stay home to take care of her youngchildren. Is she unemployed?
(ii) A company increased the salaries of its workers by 20%. Isthis an example of an increase in the money supply?
(iii) To calculate an economy’s GDP, we should add up allexpenditures on goods and services. Is this correct?
(iv) When the prices of raw materials and energy used by toiletpaper manufacturing companies increase, the supply of toilet paperin the market increases. Is this correct?