The short-term unemployment arising from the process of matching workers with jobs is called
A) frictional unemployment.
B) cyclical unemployment.
C) structural unemployment.
D) seasonal unemployment.
E) unnatural unemployment.
A
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Long-term growth in production can be explained by: a. an improvement in the quality of resources available. b. a gradual but consistent rise in the price level
c. a rapid and accelerating increase in the price level. d. a trade surplus that leads to the accumulation of gold. e. the peaks and troughs of economic fluctuations.
The most extensive indexing in the United States is in
a. interest payments on bonds or savings accounts. b. government transfer payments, including Social Security benefits. c. government contracts for military goods. d. escalator clauses in wage and salary contracts.
The simplest way for a monopoly to arise is for a single firm to
a. decrease its price below its competitors' prices. b. decrease production to increase demand for its product. c. make pricing decisions jointly with other firms. d. own a key resource.
Which is an example of barter?
A. A person trading a desk for a box of tools. B. The purchase of stock on the New York Stock Exchange. C. A person buying clothes at a used clothing store. D. A gift of tuition money from parents to their children.