Unions contribute to
a. frictional unemployment but not the natural rate of unemployment.
b. the natural rate of unemployment but not frictional unemployment.
c. both frictional unemployment and the natural rate of unemployment.
d. neither frictional unemployment nor the natural rate of unemployment.
b
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The figure above shows Clara's demand for CDs. At a price of $5 for a CD, the value of Clara's total consumer surplus for all the CDs she buys is
A) $5. B) $10. C) $25. D) $125.
Human capital is
A. how firms use more humans than machines in the production process. B. the accumulation of investments that make people more productive. C. more costly than other forms of capital. D. none of these answer options are correct.
Which types of expenditures are autonomous?
During a depression, the best strategy of the Federal Reserve is to
A. sell government bonds, to make low-risk, sound assets available for commercial banks to buy. B. sell government bonds, in order to reduce the size of the government's deficits. C. sell government bonds, in order to increase aggregate demand. D. buy government securities.