Frictional unemployment is the result of
What will be an ideal response?
imperfect information and temporary periods of unemployment while workers are changing jobs.
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If labor and capital are substitutes in production, then an increase in the amount of capital will
a. reduce the total product associated with each quantity of labor. b. decrease the marginal product of labor. c. increase the marginal product of labor. d. have no effect on labor productivity.
Explain why the natural rate of unemployment is not equal to 0
The value of depreciation of the economy's capital stock, you find the inflation 10 %, nominal 14, economic 8 %. What is real?
A. 14 B. 6 C. 24 D. 4 E. 2
In the long run, the higher saving rate leads to a higher level of productivity and income but not to higher growth in these variables.
a. true b. false