Eric lost his job because a recession caused his employer's sales to fall. This is an example of:
a. involuntary unemployment.
b. frictional unemployment.
c. structural unemployment.
d. cyclical unemployment.
d
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Explain how the Fed's response to inflation works its way through the economy to ultimately affecting real GDP and the price level
What will be an ideal response?
If the stock market behaves according to the efficient market hypothesis, then
a. investment in stocks cannot be profitable. b. future changes in stock movements are completely predictable. c. current stock prices reflect all currently available information. d. both b and c. e. all of the above.
What were the contributing factors that led to Argentina's initial adoption of a currency board and then its subsequent failure?
What will be an ideal response?
If American Airlines engages in predatory pricing, it might:
A.) Lower fares when a new carrier enters the market and then raise fares as soon as the new carrier gains sufficient business. B.) Raise fares when a new carrier enters the market and then lower fares once the new carrier leaves the market. C.) Lower fares when a new carrier enters the market and then raise fares once the new carrier is driven out of business. D.) Lower fares permanently once a new carrier enters the market in order to keep up in the expanding airline industry.