After being fired from a job, some people find that it may take several months to find a new job in the same line of work, even when the economy is not in a recession. This is an example of which of the following types of unemployment?
A. Seasonal unemployment.
B. Frictional unemployment.
C. Cyclical unemployment.
D. Structural unemployment.
Answer: B
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The term Production Function refers to the
A) use of machinery and equipment in production. B) relationship between costs and output. C) relationship between inputs and output. D) role of labor unions.
When anticipated inflation occurs regularly, the degree of risk associated with investments in the economy
A. decreases. B. remains stable. C. falls to zero. D. increases.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. Suppose it takes policy makers from time t2 to time t4 to take an action to stimulate the economy. This is an example of
A. implementation lag. B. cyclical lag. C. response lag. D. recognition lag.
Refer to the information provided in Figure 9.5 below to answer the question that follows. 
Figure 9.5Refer to Figure 9.5. Based on the figures, supply will ________ in the long run and profits should ________.
A. increase; decline B. decrease; increase C. increase; increase D. decrease; decline