Structural unemployment can be caused by all of the following EXCEPT:
A) minimum wages.
B) labor unions.
C) efficiency wages.
D) fluctuations in the business cycle.
Ans: D) fluctuations in the business cycle.
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When prices are allowed to fluctuate after a crisis, such as Hurricane Katrina, the high prices
A) provide information to suppliers about where goods and services are most highly desired. B) are evidence of price gouging. C) justify government intervention. D) All of the above.
What is true of marginal cost when marginal returns are increasing?
a. It is negative and increasing. b. It is negative and decreasing. c. It is positive and increasing. d. It is positive and decreasing. e. It is positive and has a constant slope.
The Employment Act of 1946 was an outgrowth of the Great Depression.
a. true b. false
The aggregate demand curve gives the
A. demand for goods and services by the government at various price levels. B. amount of all goods everyone wants to buy at various income levels. C. planned purchases for all goods and services in the economy, holding other things such as the price level constant. D. planned purchase rates for all goods and services in the economy at various price levels.