The natural unemployment rate is
A) equal to 0 percent.
B) the rate at which cyclical unemployment is equal to 0 percent.
C) the same as the cyclical unemployment rate.
D) the rate at which cyclical unemployment is equal to 6 percent.
E) none of the above.
B) the rate at which cyclical unemployment is equal to 0 percent.
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The airline industry routinely engages in price discrimination across time
Indicate whether the statement is true or false
A nation's GDP can be calculated as
A. The sum of value added and intermediate goods. B. The total value added at all stages of production. C. PI plus depreciation. D. NI plus depreciation.
Without any change in the supply of labor, how will shifts in the demand for labor affect equilibrium wage and employment?
What will be an ideal response?
In the above figure, a surplus exists in the gasoline market when the price is
A) $1/gallon. B) $2/gallon. C) $4/gallon. D) below $2/gallon.