Alpha Dog Foods is a business firm which produces 10,000 unites of dog food a week, which is the optimal output for the size of the business.
September 3, 2020
Jean-Baptiste Say, the classical economists, and some contemporary economists would argue that a discussion of unemployment is a “non-problem.
September 3, 2020

Suppose the total population is 1,500 million of whom 1,250 million are in the labor force. Of this labor force, 1,000 million people are employed full time and another 100 million are employed part time. There are 50 million people in the population who are classified “discouraged workers.” The unemployment rate is:

6%

12%

16%

22%

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