Which type of unemployment does not contribute to the natural rate of unemployment?
A. Frictional
B. Structural
C. Real-wage
D. Cyclical
D. Cyclical
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Cross elasticity of demand compares the change in the
a. price of one good that is generated by a change in the price of another good b. quantity demanded of one good that is generated by a change in the price of another good c. price of one good that is generated by a change in quantity demanded of another good d. quantity demanded of one good that is generated by a change in the supply of another good e. quantity demanded of one good that is generated by a change in quantity demanded of another good
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and current international transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and current international transactions become more negative (or less positive). b. The GDP Price Index and current international transactions remain the same. c. The GDP Price Index rises, and current international transactions remain the same. d. There is not enough information to determine what happens to these two macroeconomic variables. e. The GDP Price Index rises, and current international transactions become more positive (or less negative).
A tax of $1 on sellers shifts the supply curve upward by exactly $1
a. True b. False Indicate whether the statement is true or false
A firm is most likely to experience economies of scale if its start-up costs are high and its marginal cost is ________.
A. low B. decreasing C. increasing D. high