Sharon was being treated unfairly by her boss, so she stormed off the job and two days later found another position. For two days, Sharon experienced:
a. cyclical unemployment.
b. structural unemployment.
c. seasonal unemployment.
d. frictional unemployment.
e. being out of the labor force.
d
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In the above figure, which of the figures show(s) a relationships between x and y with a positive slope?
A) Figure D only B) Figure A and Figure B C) Figure C only D) Figure B and Figure C E) Figure A and Figure D
Checkable deposits are: a. included in both M1 and M2
b. included in M1 but not M2. c. included in M2 but not M1. d. not included in either M1 or M2.
When entry occurs in a monopolistically competitive industry, which of the following will likely occur?
a. Marginal costs to society will exceed the price people are willing to pay. b. Price will be equal to the marginal revenue gained by society. c. The marginal revenue curve will shift to the left. d. A smaller quantity will be demanded at any given price.
For an economist, the idea of making assumptions is regarded generally as a
a. bad idea, since doing so leads to the omission of important ideas and variables from economic models. b. bad idea, since doing so invariably leads to data-collection problems. c. good idea, since doing so helps to simplify the complex world and make it easier to understand. d. good idea, since economic analysis without assumptions leads to complicated results that the general public finds hard to understand.