Frictional unemployment is a “necessary” cost of a dynamic economy.

Answer the following statement true (T) or false (F)


True

Economics

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How are financial intermediaries able to reduce transactions costs?

What will be an ideal response?

Economics

Many people assert that the national debt is not a problem because "we owe it to ourselves." Is this true?

Economics

Suppose the marginal propensity to consume is 0.8. According to the model in the text, how much would equilibrium output go up if the government increased spending by $500 million (assuming all other factors are held constant)?

Select one: a. $400 million b. $625 million c. $900 million d. $2,500 million

Economics

During World War II, _______ percent of the United States' output was devoted to the war effort.

Fill in the blank(s) with the appropriate word(s).

Economics