Black markets can generally be eliminated when price ceilings are enacted.
Answer the following statement true (T) or false (F)
False
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The two fundamental causes of unemployment at full employment are
A) demographic change and decreases in the demand for labor. B) job search and job rationing. C) seasonal jobs and technological change. D) foreign competition and financial bankruptcies. E) decreases in labor productivity and more generous retirement benefits.
The figure above could represent the long-run equilibrium for a
A) perfectly competitive firm. B) monopolistically competitive firm. C) monopoly. D) firm facing inelastic demand at all outputs.
An inward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake. B) an increase in the labor force. C) a change in the amounts of one good desired. D) a reduction in unemployment.
An increase in the quantity of money supplied shifts the money supply curve to the ________, and the equilibrium interest rate ________, everything else held constant
A) right; falls B) right; rises C) left; falls D) left; rises