Unemployment data are collected
a. from unemployment insurance claims.
b. through a regular survey of about 60,000 households.
c. through a regular survey of about 200,000 firms.
d. All of the above are correct.
b
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How does the natural rate hypothesis relate to the AS-AD model?
What will be an ideal response?
In the Cournot model, if a firm's marginal cost increases, its best-response function will
A) shift inward. B) not change. C) shift outward. D) The shift is ambiguous.
In the short run, a firm operating as a monopolistic competitor will produce to the point at which
A) MR = ATC. B) MC = ATC. C) P = MC. D) MR = MC.
Investment in capital accumulation, as well as investment in education and other labor productivity enhancing programs, is necessary for economic growth
a. True b. False Indicate whether the statement is true or false