Unemployment typically ________ during a recession.
A. only exist
B. remains constant
C. falls
D. rises
Answer: D
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The economy entered a recession in January of 2015, but GDP data alluding to the start of the recession was not published and analyzed by the Fed until July 2015. This exemplifies a(n)
A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
A local bar provides free pretzels and peanuts and cheap drinks on a Monday night. But soon a fight breaks out in the parking lot between two quarreling patrons. Neighboring homeowners awaken as a result, and call the police
What can we clearly conclude? A) The bar's free pretzels and peanuts generate a positive externality. B) Each fighter imposes a negative externality on the other fighter. C) The fighters impose a negative externality on the neighboring homeowners. D) The neighboring homeowners impose a negative externality on the police. E) All of the above are true.
Because skills are costly to obtain, at a given wage rate, the
A) quantity demanded of high-skilled labor is less than the quantity demanded of low-skilled labor. B) quantity demanded of high-skilled labor is greater than the quantity demanded of low-skilled labor. C) quantity supplied of high-skilled labor is less than the quantity supplied of low-skilled labor. D) quantity supplied of high-skilled labor is greater than the quantity supplier of low-skilled labor.
In 2002, the United States contained around _____ governmental units at all levels
a. ninety thousand b. twelve thousand c. fifty d. five hundred and thirty-five