Cyclical unemployment rises and falls with fluctuations in the macroeconomy
a. True
b. False
Indicate whether the statement is true or false
True
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In the above figure, if the market is competitive and unregulated, output will be
A) zero. B) 50 units per week. C) 150 units per week. D) 250 units per week.
Bill can cook dinner in 45 minutes and mow the lawn in 1.5 hours. Eileen can cook dinner in 1.5 hours and mow the lawn in 2 hours. Which of the following statements is correct?
a. Bill has both an absolute advantage and a comparative advantage in cooking dinner. b. Bill has both an absolute advantage and a comparative advantage in mowing the lawn. c. Eileen has both an absolute advantage and a comparative advantage in cooking dinner. d. Eileen has both an absolute advantage and a comparative advantage in mowing the lawn. e. Bill has the comparative advantage in both cooking dinner and mowing the lawn.
Which statement is false?
A. Barter is the alternative to money in the United States. B. Barter involves a double coincidence of wants. C. M2 is larger than M1. D. Checks are considered money.
The real interest rate is the
A) nominal interest rate plus the anticipated interest rate. B) nominal interest rate minus the anticipated interest rate. C) nominal interest rate plus the anticipated inflation rate. D) nominal interest rate minus the anticipated inflation rate.