Unemployment that deviates from the natural rate of unemployment is referred to as
A. structural unemployment.
B. seasonal unemployment.
C. cyclical unemployment.
D. frictional unemployment.
Answer: C
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America's banking system is called a fractional reserve system
a. True b. False Indicate whether the statement is true or false
Price discrimination
a. may lead to greater output. b. always leads to a reduction of output. c. leads to lower profits for the firm. d. causes firms to operate at a higher cost.
Which of the following are not characteristics of the S Corporation?
a. Limited Liability b. Profits are taxed only once c. The firm must have more than 100 stockholders. d. All of the above are characteristics of the S Corp.
In a closed economy, what does (Y - T - C) represent?
a. national saving b. government tax revenue c. public saving d. private saving