When the actual exceeds the natural unemployment rate, this means that we have ________ unemployment
A) positive structural
B) negative structural
C) positive cyclical
D) negative cyclical
C
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Two reasons savers keep deposits at banks are to:
A. lower interest rates and to increase the money supply. B. equalize loan supply and demand and to earn interest. C. earn a return on their savings and to facilitate making payments. D. secure mortgages and to purchase stocks.
Angelo's Pizza is famous for its secret tomato sauce. The managers of Angelo's Pizza are more likely to produce all of their inputs rather than buy them due to ________.
A) communication costs B) transportation costs C) economies of scale D) trade secrets
Other things equal, which of the following is true?
a. A reduction in prices will increase the real wealth of those holding a fixed quantity of money. b. A reduction in prices will lead to a decline in net exports. c. A reduction in prices will increase the scarcity of money, raise the real interest rate, and, thereby, encourage investment and consumption. d. A reduction in prices will increase profit margins and, thereby, stimulate additional investment.
Which of the following is true about a monopolistically competitive firm?
a. It can earn an economic profit in the short run, but not the long run. b. It can earn an economic profit in the short run and the long run c. It can earn an economic profit in the long run, but not the short run d. It cannot earn an economic profit in either the short or long run