Which of the following does not influence the natural rate of unemployment in the U.S.?
A) demographics
B) the natural rate in Europe and Japan
C) the composition of the labor force
D) surprises in productivity growth
B
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Refer to Figure 15-11. What is the size of the deadweight loss prior to Verizon entering the market and what happens to this deadweight loss after Verizon does enter the market?
A) The deadweight loss of area C+D is converted to consumer surplus B) The total deadweight loss is the area D+F; D is converted to consumer surplus and F to producer surplus. C) The deadweight loss of area D is converted to consumer surplus. D) The deadweight loss of area D is converted to producer surplus.
Refer to Figure 16-2. What is the price charged in the two markets?
A) price in the student market = price in the non-student market = Pb B) price in the student market = Pc; price in the non-student market = Pe C) price in the student market = price in the non-student market = Pa D) price in the student market = Pd; price in the non-student market = Pe
The Employment Act of 1946 continues to impact us today. It gives the federal government official responsibility in managing full-employment efforts in the U.S. through fiscal policy
Indicate whether the statement is true or false
Which of the following has a direct relationship rather than an inverse relationship with the supply curve?
a. The number of sellers. b. Resource prices. c. Consumer income. d. Prices of other goods that firms could produce.