In the United States, the percentage of part-time workers who are part time for noneconomic reasons
A) has fallen by almost one half since 1980.
B) does not fluctuate much with the business cycle.
C) rises during an expansionary period and falls during a recessionary period.
D) has averaged about 33 percent of all workers.
E) has increased in most years since 1980.
B
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If the price received by a perfectly competitive firm is less than its average variable cost, what will the firm do in the short run? Why?
What will be an ideal response?
Refer to the figure above. Which demand curve above is perfectly inelastic?
A. D2 B. D3 C. D4 D. D5
When the AS curve is vertical, increases in AD will
A. Increase the average price level but have no impact on unemployment. B. Increase both the average price level and unemployment. C. Have no impact on either the average price level or unemployment. D. Increase the average price level and decrease unemployment.
A bank wants to get rid of excess reserves by making loans because
a. it will be penalized if it does not get rid of the reserves b. the reserves do not earn interest c. it is afraid it will lose the excess reserves d. firms will not borrow from a bank with excess reserves e. the bank has too many liabilities