Over long periods of time, the cyclical rate of unemployment, on average, ________
A) approaches infinity
B) approaches a value of one
C) should be close to zero
D) approaches the natural rate
C
You might also like to view...
To ensure that a nominal payment represents a constant level of purchasing power over time, one should:
A. add the price index to it. B. divide it by the price index. C. subtract the price index from it. D. increase it by a percentage equal to the rate of inflation for that year.
What is protection as it refers to international trade?
What will be an ideal response?
Assume the four major grocery stores in a large metropolitan area decide to meet secretly to fix prices for meat. It would be easiest to maintain this arrangement when:
A) the number of additional competitors is very small. B) the cost conditions for the four firms differ substantially. C) individual firms are able to offer secret price discounts to selected buyers. D) demand for meat and fresh vegetables is falling.
If outsiders had more say in union contracts then it is likely that union wages would be
a. higher so unemployment would be higher. b. higher so unemployment would be lower. c. lower so unemployment would be higher. d. lower so unemployment would be lower.