What reasons would economists give for an increase in the natural rate of unemployment that could have occurred from 2007 to 2011? What argument would suggest that the natural rate of unemployment may not have risen?
Some economists claimed that certain jobs and even certain industries have disappeared from the U.S. permanently. According to this argument, there is a mismatch between the skills of the U.S. labor force and the skills that the modern job market demands. However, such assertions may be the inaccurate. With a high rate of unemployment ? such as the 9% seen in 2009 ? it is difficult to determine what portion of the unemployment is cyclical unemployment tied to the recession and what part is the natural rate of unemployment. We will be able to draw a more definitive conclusion only after the recession has ended and unemployment has declined to a more consistent level.
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The above table shows the total product schedule for the campus book store. If employees are paid $6 per hour, assuming there are no other variable costs, then the average variable cost of selling books will reach its minimum at
A) 58 books sold per hour. B) 59 books sold per hour. C) 73 books sold per hour. D) 83 books sold per hour.
Double taxation is a problem for corporations
a. True b. False Indicate whether the statement is true or false
Explain the excess burden of a tax on luxury yachts
Banks hold reserves:
A. to increase profits. B. to meet depositor withdrawals and payments. C. only because the government requires them to hold reserves. D. to earn interest.