Which of the following contributes to "frictional" unemployment?
A) Individuals remaining unemployed while searching for a new job
B) Individuals losing work because of recessions
C) Shifts in the type of jobs in the economy such as from construction to information technology
D) Individuals who not in the labor force but would like to work
Answer: A) Individuals remaining unemployed while searching for a new job
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The growth rate of real GDP per capita in Mexico was negative in which of the following time periods?
A) 1980-1989 B) 1990-1999 C) 2000-2014 D) all of the above
In the Friedman-Lucas money surprise model, a surprise increase in money supply growth
A) has no effect on inflation. B) increases inflation less than in proportion to the growth rate of the money supply. C) increases inflation in an equal proportion to the growth rate of the money supply. D) increases inflation more than in proportion to the growth rate of the money supply.
The shorter the period of time being considered, the less rapidly will diminishing marginal utility set in
a. True b. False Indicate whether the statement is true or false
Patents and copyrights are designed to
a. eliminate above-normal profit in the short run b. move monopoly prices closer to prices that would occur under perfect competition c. prevent the capitalization of monopoly profit d. allow a period of above-normal profit to encourage innovation e. limit a monopoly's rent-seeking activities