If the federal government implements programs to more quickly match the unemployed with jobs, then the natural rate of unemployment
A) will increase.
B) will decrease.
C) will not change.
D) will disappear.
B
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The situation in which a firm charges different prices for different blocks of output is referred to as:
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.
If in a market the last unit of output was sold at a price higher than marginal cost
A) producer is better off producing more. B) consumers are better off if less of the product is sold. C) social welfare is not maximized. D) the unit increased total profit.
This year, Emily earned $2,000 more than last year. As a result, she received $500 less in government transfers. Therefore, Emily's implicit marginal tax rate is
a. 15 percent. b. 25 percent. c. 40 percent. d. 75 percent.