Teresa just graduated from college, is unemployed, and looking for her first real job. This is an example of
A. seasonal unemployment.
B. frictional unemployment.
C. cyclical unemployment.
D. structural unemployment.
Answer: B
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In a cartel
A) each firm has an incentive to decrease its own production below the level set by the cartel. B) the firms' marginal cost equals the price set by the cartel. C) each firm has an incentive to lower its price below the level set by the cartel. D) each firm has an incentive to raise its price above the level set by the cartel.
Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the price of polo shirts decreases from $15 to $10
A) producer surplus will fall from $13 to $3. B) consumers will buy no polo shirts. C) there will be a shortage of polo shirts. D) the marginal cost of producing the third polo shirt will increase to $25.
Suppose Matt's New Cars issues a bond in which they'll need to pay $10,000 in one year, which includes 4% interest. How much will they receive for the bond?
A) $9,600 B) $9,615 C) $10,000 D) $10,400
The equation of exchange ________
A) states that the quantity of money multiplied by velocity must equal nominal income in a given year B) describes a relationship that is true by definition C) shows that real GDP must equal real money balances times the number of times a dollar turns over in a year D) all of the above E) none of the above