A lumberjack loses his job because timber cutting restrictions were imposed by the EPA to protect the spotted owl habitat. This lumberjack would be
A) structurally unemployed. B) cyclically unemployed.
C) frictionally unemployed. D) seasonally unemployed.
A
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If a firm faces a downward-sloping demand curve
A) it will always make a profit. B) the demand for its product must be inelastic. C) it can control both price and quantity sold. D) it must reduce its price to sell more units.
Lindsay and Tim are playing the ultimatum game starting with $100 . Based on the coin toss, Lindsay is the player to propose a division of the $100 . If Lindsay acts as economic theory assumes and Tim acts as experimental evidence shows, Tim will
The Fed's strategy of increasing the money supply and lowering interest rates in order to increase real GDP is called
A. Contractionary fiscal policy B. Expansionary monetary policy C. Expansionary fiscal policy
The financial liability that makes the real economy function smoothly for its liquidity and its acceptability is called:
A. bonds. B. stocks. C. money. D. mortgages.