Which of the following about unemployment is true?
a. The unemployment rates of the major European economies have been lower than that of the United States during the last decade.
b. Compared to the U.S., European labor markets are characterized by less extensive regulation and less generous unemployment benefits.
c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment.
d. The natural rate of unemployment decreases when youthful workers expand as a proportion of the workforce.
C
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In the long run, a perfectly competitive firm leaves the market if the market price is less than the firm's average total cost
Indicate whether the statement is true or false
A higher saving rate leads to faster growth because
A) more saving produces greater additions to capital per hour of labor, raising real GDP per person. B) capital would wear out faster. C) people could consume more of an economy's output. D) population growth would accelerate.
Commercial paper is most commonly issued with a maturity of __________ days
A) 5 B) 10 C) 30 D) 270
A firm will shut down in the long-run if
a. P>AVC
b. P