Increases in the duration of unemployment may
A) reflect a general downturn in economic activity that depresses job openings.
B) increase the number of discouraged workers.
C) increase the unemployment rate.
D) all of the above.
D
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The above figure shows the demand curves in four different markets. If each of the markets has an identical upward sloping supply curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss?
A) A B) B C) C D) D E) C and D
Because of their greediness, speculators are considered bad for exchange-rate markets
a. True b. False Indicate whether the statement is true or false
Government intervention in the economy:
A.) Always fixes macroeconomic market failures. B.) Always fixes microeconomic market failures. C.) Always makes the economy worse off. D.) May fix market failures or make the economy worse off.
The model of aggregate demand and aggregate supply explains the relation between
A. price and quantity of a particular good. B. unemployment and real output. C. wages and unemployment rate. D. real GDP and the price level.