The natural rate of unemployment is
What will be an ideal response?
the sum of structural unemployment and frictional unemployment.
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In general, the __________ the welfare payment, the __________ the incentive to find work.
a. higher, high
b. lower, lower
c. lower, higher
If supply and demand both simultaneously increase
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely rises.
College tuition expenses have risen from 1982 to 2012 by
a. an amount equal to prices in general. b. an amount greater than average prices. c. an amount less than average prices. d. the amount of the percentage increase in the overall CPI.
It is possible that an increase in wages will lead to a decrease in the quantity of labor supplied.
Answer the following statement true (T) or false (F)