Which one of these factors plays a role in determining the extent and duration of frictional unemployment?
A. the ease with which job seekers can obtain information about job openings
B. the degree to which the overall level of business activity fluctuates up and down
C. the education and skill levels of labor force participants
D. the extent to which government legislation requires firms to provide health insurance for employees
Answer: A
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What is the difference between real and nominal GDP and why do economists make this distinction?
What will be an ideal response?
Number of CakesVCMCAVCFCTCATC0???50??1?30????2?????503??25???4????155?Table 8.3Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces two cakes, Candy's marginal cost is:
A. $0. B. $20. C. $25. D. $50.
In a private closed economy, when aggregate expenditures exceed GDP:
A. GDP will decline. B. business inventories will rise. C. saving will decline. D. business inventories will fall.
In 2016 final sales equal $500 billion and the change in business inventories is -$40 billion. GDP in 2016 is
A. -$40 billion. B. $460 billion. C. $500 billion. D. $540 billion.