Most of the unemployment that occurred during the Great Depression was
A) frictional unemployment. B) structural unemployment.
C) core unemployment. D) cyclical unemployment.
D
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If there is a shortage of nurses, it is expected that
a. wages for nurses will go up as hospitals try to fill these positions. b. wages for nurses will go down because of the increased competition between hospitals. c. the return on the human capital investment of current nursing majors will decline. d. wages for nurses currently practicing will increase, but new nurses will experience lower wages in the future.
A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. In order to maximize profit, the firm should
A. produce more. B. produce less. C. keep output the same. D. shut down.
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. Consumer surplus is area [A + B + E] if price is
A. P1. B. P2. C. P3. D. above P3.
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Average fixed cost is represented by
A. curve 1. B. curve 2. C. curve 3. D. line segment AB.