What is an "efficiencywage"?

	a.	the minimumwage
	b.	the union wage
	c.	it's not a real thing,but it's if you imagined that all workers were equally efficient,how much you might pay them.
	d.	a wage above equilibrium that saves employers various costs

Who gains from unexpected inflation?

	a.	People who have stashed their savings in cash under their mattresses.
	b.	No one--it's always bad for everyone.
	c.	Borrowers.
	d.	Lenders.

Jack was fired from his job in March. He looked for another job in April, but then he gave up looking. "No one's hiring these days, so why waste my time?" he says."Maybe I'll look next year." Jack is

	a.	unemployed.
	b.	a discouraged worker, and not in the labor force.
	c.	employed.
	d.	discouragedand unemployed.