In terms of duration, how does cyclical unemployment differ from structural unemployment?
Cyclical unemployment is short-term in nature, while structural unemployment is long-term.
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The first step in measuring the CPI is to
A) select the market basket. B) conduct a monthly survey. C) collect prices for the basket of goods and services. D) interview businesses.
The purpose of functional finance is to
A. decrease deficits through monetary policy. B. use fiscal policy to keep aggregate demand at the desired level, regardless of the impact on deficits. C. tax corporate income first at the corporate level, and then again when it is distributed to shareholders. D. use monetary policy to keep deficits stable over time.
Network organizations depend upon
A. decentralization of operating decisions to the business-unit level. B. work groups and specific projects without any formal lines of authority. C. formal lines of authority. D. intersecting lines of authority.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = 100(M). Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you will pay the campus security for the safekeeping service now?
What will be an ideal response?