The economic cost of unemployment is the loss of potential output which can never be realized
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
According to the Application
A) stable marriages account for no more happiness than marriages ending in divorce. B) reported levels of happiness in the United States have increased over the past 30 years. C) money does appear to buy happiness, ceteris paribus. D) retired people report higher levels of happiness than people below the age of 40.
A higher expected price tomorrow will tend to
A) shift today's demand curve to the left. B) shift today's demand curve to the right. C) have no effect on today's demand curve. D) have no effect on tomorrow's demand curve.
Keynes believed that the economy does not automatically move toward an equilibrium at full employment
a. True b. False Indicate whether the statement is true or false
A firm in monopolistic competition needs ________ market share to qualify as a firm in monopolistic competition
a. no less than 50 percent b. no less than 10 percent c. no more than 5 percent d. no more than 1 percent e. there is no specific percentage