Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment.
C) structural unemployment. D) cyclical unemployment.
B
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Government deficits of one generation cannot affect the standard of living of the next generation
a. True b. False Indicate whether the statement is true or false
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.
Supply will become more elastic when
A. there are good substitutes for the goods. B. a time period lengthens. C. the good is important to consumers. D. the time period shortens.
Discrimination is generally easy to detect on a case-by-case basis because the circumstances surrounding the decision to discriminate are rarely subjective
Indicate whether the statement is true or false