Which of the following has the greatest effect on the rate of seasonal unemployment?
a. inflation
b. lack of skills
c. lack of information
d. weather
d. weather
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If input prices for a perfectly competitive industry remain constant as the output of the industry expands in the long run, the industry supply curve will:
a. have a positive slope. b. have a negative slope. c. be perfectly horizontal. d. be perfectly vertical.
Who among the following benefits from inflation?
a. Patrick Roy who borrowed $10,000 from a bank to pay the downpayment on a house he bought in Denver b. The Denver National Bank who provided Patrick Roy with the $10,000 to make the downpayment c. Jerry Swanson, a landlord who holds a 5-year lease on an apartment rented to students off campus at the University of Arizona d. Peter Schran who loaned Larry Neal $500 without charging Larry any interest e. Ian McDonald who is retired and lives on his $700 per week pension
If the Bush tax cuts were allowed to expire in 2010, the maximum personal income tax rate in the United States would have moved above 50 percent
a. True b. False Indicate whether the statement is true or false
When Mexico suffered from capital flight in 1994, Mexico's real interest rate
a. fell and the peso appreciated. b. fell and the peso depreciated. c. rose and the peso appreciated. d. rose and the peso depreciated.