The natural unemployment rate includes
a. both frictional and structural unemployment.
b. neither frictional nor structural unemployment.
c. structural but not frictional unemployment.
d. frictional but not structural unemployment.
a
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Refer to Figure 13-2. Ceteris paribus, an increase in the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Which of the following would be most likely to receive high economic rent payments?
A) farmer B) professional baseball player C) factory worker D) doctor
Refer to the graph below for a monopoly. Assuming this were a perfectly competitive market, then the price and quality would be shown at the point of intersection between the
a. MC and AR curves.
b. MC and MR curves.
c. ATC and AR curves.
d. MC and ATC curves.
An illustration of the term "automatic stabilizer" is provided by
A. The tendency of tax collections to rise as the economy moves into a recession. B. The tendency of tax collections to fall as the economy moves into a recession. C. Increases in tax rates as the economy moves into a recession. D. Decreases in tax rates as the economy moves into a recession.