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Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time ...
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Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time ...
Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
Refer to the scenario above. What is the number of employed workers in the economy?
▸ 1 million
▸ 2 million
▸ 3 million
▸ 4 million
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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