Frictional unemployment is thought to explain relatively
a. short spells of unemployment, as is structural unemployment.
b. long spells of unemployment, as is structural unemployment.
c. short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment.
d. long spells of unemployment, while structural unemployment is thought to explain relatively short spells of unemployment.
c
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State and local governments spend about ________ of their expenditures on education
A) 14 percent B) 74 percent C) 59 percent D) 34 percent E) 19 percent
Other things equal, an appreciation of the Algerian dinar in relation to the euro will act to increase Algerian demand for European goods and to decrease European demand for Algerian goods
a. True b. False Indicate whether the statement is true or false
The economy's self-correcting mechanism always tends to push the unemployment rate back toward a specific rate of unemployment called
a. the ideal rate of unemployment. b. the natural rate of unemployment. c. the full rate of unemployment. d. the mature rate of unemployment.
Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?
A. Forest has to make trade-offs. B. Forest has unlimited resources. C. Forest doesn't have to consider costs and benefits. D. Forest is not required to make trade-offs because he is self-sufficient.