Often people in business work in teams, each using specialized knowledge to get the tasks done. If one member of the team does no work, this is called
A. costless contracting.
B. free-riding.
C. signaling.
D. bargaining.
Answer: B
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A student who just graduated from college during an economic expansion but has yet to find a job would most likely be
A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) seasonally unemployed.
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the
a. right, lowering the price level. b. right, raising the price level. c. left, raising the price level. d. left, lowering the price level.
When people stop looking for work, because they feel they didn't have a chance of finding on, they're called:
A. underemployed. B. structural unemployment. C. discouraged workers. D. unemployed.
Refer to the diagram. If drawn, the long-run aggregate supply curve would include points:
A. v, w, and u.
B. y, w, and u.
C. t, w, and z.
D. y, w, and x.