Frictional unemployment is often thought to explain relatively long spells of unemployment
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The justification for the patent system is that it
a. protects desirable monopolies b. encourages innovation c. discourages the development of substitute goods d. guarantees high profit for the monopolies so that they can use the profit as a source for research and development e. discourages competition
In the early 2000s in Ecuador, the central bank financed the government deficit and created high inflation. The high level of inflation and its relationship to the government deficit are an example of:
A. disinflation. B. the underground economy. C. an inflation tax. D. the central bank dependency.
The total value of all outstanding federal government securities is
A. total personal wealth. B. the budget deficit. C. a flow variable. D. none of these.
In Figure 22.2, which area represents consumer surplus to the smoker? 
A. 0ACQ* B. 0P*CQ* C. 0BCQ* D. AP*C