Types of unemployment:
A) Structural unemployment B) Frictional unemployment
C) Seasonal unemployment D) All of the above
Answer: D
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Refer to the figure below. Consider the original supply and the original demand curve. If the government imposes a price ceiling of $1.00 on a cup of coffee, then there would be: 
A. a new equilibrium at a price of $1.00 per cup and a quantity of 50 cups per hour. B. a short-term excess demand for coffee, followed by an increase in the equilibrium price. C. an excess supply of coffee. D. an excess demand for coffee.
Barbers give a price discount to kids. According to price discrimination, if barbers use price discrimination, this implies demand for hair cuts by kids is more elastic
a. True b. False
Matt loses his job and decides to sit on the beach rather than looking for work the next few months. Other things the same, the unemployment rate
What will be an ideal response?
Lead is an important input in the production of crystal. If the price of lead decreases, other things equal, we would expect the supply of
a. crystal to be unaffected.
b. crystal to decrease.
c. crystal to increase.
d. lead to increase