When cyclical unemployment increases and other things remain the same, ________
A) the natural unemployment rate increases
B) the amount of frictional unemployment increases
C) the amount of structural unemployment decreases
D) the natural unemployment rate does not change
D
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The Federal Reserve has ________ responsibility for supervising financial institutions.
a. some b. no c. full d. exclusive
Explain the role of expectations in determining the impact of a supply shock.
What will be an ideal response?
When negative externalities are present in a market, it means that:
A. social costs are less than external costs. B. private costs are less than social costs. C. private costs are less than external costs. D. external costs are equal to social costs.
In the above figure, Brendan originally consumes at point A. If his income rises and both compact discs and haircuts are normal goods then he will begin consuming at a point such as
A) F. B) B. C) C. D) D.