Lengthening of the average unemployment spell suggests that ________ unemployment is growing in importance
A) frictional
B) structural
C) cyclical
D) turnover
B
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Unless goods are Giffen goods, own-price elasticities of demand are always negative.
Answer the following statement true (T) or false (F)
An indication that Insurance companies anticipate adverse selection is
a. they require a deductible b. they do not classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
A decrease in the average price level leads to a decrease in the purchasing power of wealth
a. True b. False Indicate whether the statement is true or false
Each of the following has been a drag on our economic growth, except
A. poverty, drugs, and crime. B. immigration. C. our declining savings rate. D. higher energy costs.