The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions.
b. has been attributed to different structural characteristics of labor markets in the two regions.
c. cannot be explained for these two regions.
d. has been explained with different demographic factors in the two regions.
B
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Suppose a consumer's expected utility function given two possible states of nature A and B can be expressed in terms of consumption of food, F, in both states as U(FA, FB) = [0.6 × ln(FA)] + [0.4 × ln(FB)]. For this utility function, MUA is (0.6/FA) and MUB is (0.4/FB). Without insurance, the consumer can consume 200 in state A but only 50 in state B. The consumer can purchase insurance at a premium of 50 cents per dollar of benefit. What is the value of the insurance she purchases
A. $4.74 B. $4.85 C. $12.67 D. $114.87
Aggregate demand is defined as the total spending
a. of all consumers, business firms, government agencies, and foreigners on final goods and services produced in the United States. b. by all consumers, business firms, government agencies, and foreigners in the United States. c. consumers, businesses, government agencies, and foreigners wish to make in one year. d. of consumers, businesses, and government agencies on final output.
In 1931 the price of a movie ticket was $0.25 . The consumer price index was 15.2 in 1931, and 210 in 2008 . Using 2008 prices, the real price of a movie in 1931 was
a. $13.82. b. $52.50. c. $1.81. d. $3.45.
Which of the following is a case of frictional unemployment.
What will be an ideal response?