Mike has just been laid off from his construction job because consumers are not purchasing new homes because of the recession. Mike would be considered to be part of
A) structural unemployment.
B) cyclical unemployment.
C) seasonal unemployment.
D) frictional unemployment.
B
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Demand deposits are deposits in banks that are available upon making a cash withdrawal or writing a personal check
a. True b. False Indicate whether the statement is true or false
Which of the following describes an individual’s labor supply curve when the desire for more free time is stronger than the desire for more wage-related income?
a. U-shaped b. backward bending c. upward sloping d. downward sloping
Assume the economy is at point D. What would happen to AE2 and the point of equilibrium if P increased to 110 while the autonomous parts of consumption, investment, government purchases, and net exports remained constant?
a. AE2 would shift up, and the point of equilibrium would move right. b. AE2 would shift down, and the point of equilibrium would move left. c. AE2 would not move, but the point of equilibrium would move left. d. AE2 would not move, but the point of equilibrium would move right.
The major incentive for cost minimization is the
A. power of shareholders in the company. B. fear of top management by workers. C. discipline imposed by the market system. D. impact on U.S. corporations of taxing by the government.