"Hidden" or "disguised" unemployment consists of:
a. involuntary part time work
b. loss of overtime
c. shortened work hours
d. All of the above.
e. b and c only
d
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Walter will receive $4 of consumer surplus from buying one ticket. B) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. C) Violet and Walter will each buy two tickets. D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
The importance of barriers to the adoption of technologies is supported by research by
A) P. Romer. B) R. Lucas. C) S. Parente and E. Prescott. D) G. Glomm and B. Ravikumar.
Jessica paid $2,300 for a bond with a face value of $2,000. She will be paid $300 annually as long as she holds on to the bond, until the bond's maturity date. The coupon rate of the bond is
A) 15.0 percent. B) 7.5 percent. C) 13.0 percent. D) 80.0 percent.