Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is
a. always zero.
b. sometimes zero.
c. rarely zero.
d. never zero.
d
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Before the DVD, the VCR was a popular format for taping and replaying video. When the DVD was introduced, which of the following most accurately describes the long-run adjustment process in the VCR industry?
A) Costs increased, price increased, demand decreased, quantity decreased, profit decreased. B) Demand increased, costs increased, price increased, quantity increased, profit decreased. C) Demand decreased, quantity decreased, price decreased, profit decreased. D) Demand decreased, price decreased, quantity decreased, profit decreased.
In the neocolonial dependence model, the world can be thought of as divided into
a. absolutionists and neorevisionists. b. the "north" and the "south." c. the "First World," "Second World," and "Third World." d. producers and consumers. e. the "center" and the "periphery."
An increase in nominal GDP will:
a. Increase the transactions demand and total demand for money b. Decrease the transactions demand for money but increase the total demand for money c. Decrease the transactions demand and total demand for money d. Increase the transactions demand for money but decrease the total demand for money
A bilateral monopoly means
A) that a monopsonistic employer bargains with two unions. B) that a monopsonistic employer bargains with both an industrial and a craft union. C) that a monopsonistic employer bargains with a monopoly. D) that an industrial union bargains with a two-firm oligopoly.