Heterogeneity and the dynamic nature of labor markets are the principal causes of ________ unemployment.
A. frictional
B. structural
C. cyclical
D. chronic
Answer: A
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The long-run aggregate supply curve assumes that
A) the unemployment rate is more than 9 percent. B) there is no government purchasing of goods and services. C) only laborers are fully employed. D) all factors of production are fully employed.
By definition, economics is the study of
A) how to make money in a market economy. B) the choices people make to attain their goals, given their scarce resources. C) how to make money in the stock market. D) supply and demand.
The value of the put option rises when the underlying asset
A) experiences price increases. B) experiences price declines. C) experiences reduced volatility. D) has a relatively short maturity.
If there is persistent inflation
A) long-run aggregate supply is growing at a faster rate than aggregate demand. B) long-run aggregate supply is growing at a slower rate than aggregate demand. C) there is an excess of total planned expenditures. D) long-run aggregate supply is constant.