Which of the following would tend to increase the natural unemployment rate?
a. The creation of national unemployment offices to increase the information about job openings
b. Recessionary downturns in the economy that result in massive layoffs of auto workers
c. Sociological changes that encourage people to seek employment
d. The creation of government subsidies for workers who relocate into areas where new jobs can be found
e. Less government money made available as unemployment compensation
c
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An import quota will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare
A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on
The investment demand curve as a function of various possible interest rates for the entire economy is assumed to be:
a. positively sloped. b. negatively sloped. c. rising, then falling. d. falling, then rising.
Cost-push inflation occurs when a nation's:
a. Aggregate supply rises, causing rising prices and rising unemployment. b. Aggregate supply rises, causing rising prices and falling unemployment. c. Aggregate demand rises, which leads to a decrease in aggregate supply curve and an increase in prices. d. Aggregate supply falls, causing rising prices and rising unemployment.
Which of the following is considered a barrier to entry?
A.) Price taking B.) Standardized products C.) Brand Loyalty D.) Economic profit