When cyclical unemployment is zero
A) frictional unemployment is zero.
B) cyclical and frictional unemployment are zero.
C) structural unemployment is zero.
D) the unemployment rate equals the natural unemployment rate.
D
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In March, the quantity of orange juice sold in the town of Jackson was 3000 cartons and the price $3. In May, the quantity of orange juice sold in the town of Jackson was 3500 cartons and the price was $3.20
This change in the price and quantity sold could have been the result of A) the release of a medical study suggesting that consuming orange juice helps prevent cancer. B) a reduction in the number of orange juice coupons provided by local markets. C) the after effects of a cold winter in Florida that killed half of the orange cro
If our economy is growing at a constant rate of 2 percent per year, then over a period of 20 years we would expect to see which of the following?
A. an upward sloping growth path B. nice, steady flat-line growth C. a downward sloping growth path D. It is impossible to say what kind of growth path we would see.
Which of the following represents the relationship between disposable income (DI), consumption (C), and saving (S)?
A. DI = C * S B. DI = C + S C. DI = C - S D. DI + C = S
Empirically measuring the marginal social benefit of pollution is ________ and empirically measuring the marginal social cost of pollution is ________.
A. difficult; relatively easy B. relatively easy; difficult C. difficult; difficult D. relatively easy; relatively easy