Which of the following is true of seasonal unemployment?
a. It is not included in calculating the natural rate of unemployment.
b. It is reflected in the GDP gap.
c. It is always present, even in a healthy economy.
d. It causes the natural rate of unemployment to rise.
e. It inflates potential GDP.
c
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A.C. Pigou argued that the government can deal with a positive externality in consumption by giving consumers a subsidy equal to the value of the externality
Indicate whether the statement is true or false
Refer to Table 4-8. If a minimum wage of $10.00 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 20,000 units of labor. C) surplus of 40,000 units of labor. D) shortage of 20,000 units of labor.
The interactions of producers and consumers in individual markets are part of the study of
a. macroeconomics. b. monetary economics. c. normative economics. d. microeconomics.
Which type of market structure has the fewest number of firms?