Giving people income through unemployment insurance:
A. reduces seasonal employment because people find good matches, and change jobs less often.
B. allows people to prolong their unemployment until they find a better match.
C. creates one effect positive on unemployment.
D. All of these are true.
Answer: B
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Refer to the above figures. A quota is placed on a foreign good. Which figure represents the situation in the domestic market for a competing domestic good?
A) Panel A B) Panel B C) Panel C D) Panel D
An increase in the marginal propensity to consume (MPC) leads to an increase in the spending multiplier
a. True b. False Indicate whether the statement is true or false
Total profit of a competitive firm can be found by multiplying profit per unit times units sold
a. True b. False Indicate whether the statement is true or false
The Cournot model is based on two firms that produce identical products and collude to set prices.
Answer the following statement true (T) or false (F)