At the natural unemployment rate, there is no
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) unemployment.
C
You might also like to view...
Recall the Application. If the decrease in price of illegal drugs is primarily due to a change in supply, the equilibrium quantity of drugs
A) will increase. B) will decrease. C) will not change. D) may or may not change.
A firm that was initially a monopsonist, but now has to buy from a competitive resource market will:
a. buy more amount of resources and pay a higher price for these resources. b. buy the same amount of resources and pay a higher price for these resources. c. buy less amount of resources and pay a lower price for these resources. d. buy less amount of resources and pay a higher price for these resources. e. buy more amount of resources and pay a lower price for these resources.
Pollution is a form of market failure called a negative externality
a. True b. False
Majority rule will produce the outcome most preferred by the median voter
a. True b. False Indicate whether the statement is true or false