Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of:
A. frictional unemployment.
B. cyclical unemployment.
C. structural unemployment.
D. involuntary unemployment.
Answer: C
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In the open-economy macroeconomic model, the quantity of dollars demanded in the market for foreign-currency exchange
a. depends on the real exchange rate. The quantity of dollars supplied in the foreign-exchange market depends on the real interest rate. b. depends on the real interest rate. The quantity of dollars supplied in the foreign-exchange market depends on the real exchange rate. c. and the quantity of dollars supplied in the market for foreign-currency exchange depend on the real exchange rate. d. and the quantity of dollars supplied in the market for foreign-currency exchange depend on the real interest rate.
Flexible exchange rates are determined by
A. the government of the importing country. B. the IMF. C. the forces of supply and demand. D. the government of the exporting country.
In a regulated natural monopoly, a marginal cost pricing rule maximizes
A) total costs. B) producer surplus. C) economic profit. D) total surplus.
All else constant, an increase in the price of a good will cause the quantity supplied to increase
Indicate whether the statement is true or false