If the unemployment rate rose from 6 percent to 7 percent,
A. Cyclical unemployment went up by more than 1 percent.
B. Cyclical unemployment went up by 1 percent.
C. Cyclical unemployment went up by less than 1 percent.
D. Cyclical unemployment stayed the same.
E. Cyclical unemployment went down.
B. Cyclical unemployment went up by 1 percent.
You might also like to view...
Discounted tickets for children into events is what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
Refer to Figure 5-7. Which of the following statements is true?
A) The optimal quantity of pollution reduction is QB. B) The optimal quantity of pollution reduction is QE. C) At QE the benefits of reducing pollution outweigh the cost of pollution reduction. D) At QB society is under allocating resources to pollution reduction.
If you exchanged $1,000 for 90,000 yen at your local bank in preparation for an upcoming trip to Tokyo, and notice after your arrival that the current exchange rate is 100 yen per dollar, how will the value of the yen you brought to Tokyo change relative to the dollar?
a) The value of the yen fell in value relative to the dollar. b) The value of the yen rose in value relative to the dollar. c) The value of the yen stayed the same relative to the dollar. d) There is not enough information to answer this question.
Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A. $150 B. $180 C. $450 D. $540