Policies to lower the natural rate of unemployment include

a. proposals to raise the minimum wage rate.
b. mandated prison sentences for drug dealers.
c. retraining programs and employment services.
d. changes in the tax laws.


c

Economics

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In trying to determine the "true cost" of some debated proposal,

A) actions have no true cost, only benefits. B) actions will entail different costs for different people. C) the costs of actions must ultimately be the same for everyone. D) there is no difference between costs and benefits.

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In the short run, a firm in monopolistic competition produces where P = MC

Indicate whether the statement is true or false

Economics

Hotels R Us and Hotel Supply are two hotel toiletry suppliers that are competing with each other. If Hotels R Us announces an upcoming price change next month, it may be signaling to Hotel Supply its intent to engage in ________.

A) a Cournot oligopoly B) a Stackelberg oligopoly C) tacit collusion D) a Chamberlin oligop

Economics

In a boom:

a) Unemployment is likely to fall b) Prices are likely to fall c) Demand is likely to fall d) Imports are likely to fall

Economics