Complete the following sentence. Full employment
A) occurs when all unemployment is frictional and discouraged.
B) occurs when all unemployment is cyclical and structural. C) occurs when there is zero unemployment.
D) occurs when there is zero frictional unemployment.
E) occurs when there is zero cyclical unemployment.
E) occurs when there is zero cyclical unemployment.
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Which of the following is most likely to be an implicit cost of production?
a. property taxes on a building owned by the firm b. transportation costs paid to a trucking supplier c. rental payments for a building utilized by the company and rented from another party d. interest income foregone on funds invested in the firm by the owners
Does a tax on buyers affect the supply curve?
A. Yes, it shifts to the right by the amount of the tax. B. Yes, it shifts to the left by the amount of the tax. C. Yes, it shifts up by the amount of the tax. D. No, there is change in the quantity supplied, but the supply curve does not move.
The nominal value of GDP is:
a. expressed in monetary values adjusted for inflation b. expressed in monetary values that are not adjusted for inflation. c. expressed in numeric values that does not correlate to a monetary term. d. expressed as a ratio between the value of consumption expenditure and the value of investment expenditure.
What is the present value of $10,000 8 years from now if the interest rate is 8%?
What will be an ideal response?