Because it takes time for workers to search for a job and for firms to search for new employees, there will always be some workers who are
A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.
A
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Which of the following multinational agreements allows the international movement of workers?
a. NATO b. The European Union c. The group of G-8 d. NAFTA e. The United Nations Accords
If the consumer price index was 100 in the base year and 106 in the following year, then the inflation rate was
a. 1.06 percent. b. 6 percent. c. 10.6 percent. d. 106 percent.
According to Keynes
A. nominal wages are sticky. B. markets are perfectly competitive. C. money illusion does not exist. D. the short-run aggregate supply curve is vertical.
A firm that has positive economic profits has accounting profits that are
A. zero. B. positive. C. negative. D. indeterminate without more information.