Economists consider an economy to be at "full employment" when
A) the unemployment rate equals the natural rate of unemployment.
B) there is no structural unemployment.
C) there is no frictional unemployment.
D) there is only a small amount of cyclical unemployment.
A
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Shama is producing candles in a perfectly competitive market. When she produces 500 candles, her total cost is $250. If she produces one additional candle, her total cost increases to $260
In order to maximize her profit, she should produce the additional candle A) if the market price for a candle is $12. B) only if the market price exceeds $260 for a candle. C) only if the market price exceeds $250 for a candle. D) if the market price for a candle exceeds $0.50. E) if her price exceeds her average total cost.
What is the difference between retained earnings and dividends?
What will be an ideal response?
The economic scenario of the early 2000s did not include:
a. a stock market fall. b. low interest rates. c. a strong increase in employment. d. a fall in real investment.
The velocity of money is:
a. money supply divided by prices. b. spending divided by output. c. required monetary reserves divided by income. d. GDP divided by the money supply.