Frictional unemployment is the type that arises due to recessions.
Answer the following statement true (T) or false (F)
False
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How do you think the theory of contestable markets has been used as a means of arguing for weaker enforcement of antitrust laws? Explain
What will be an ideal response?
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Suppose a currency's value in the foreign exchange market is determined solely by market supply and demand without any intervention by the government authority, the currency has
A. a gold standard. B. a price control in its exchange rate. C. a fixed exchange rate. D. a floating exchange rate.
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. 
Figure 13.10 Refer to Figure 13.10. The ________ is 1,000.
A. profit-maximizing number of subscribers B. shut-down point C. economically efficient number of subscribers D. break-even number of subscribers