Which economic phenomenon is the short-run macro model most useful in explaining?
a. The sources of employment in the long run
b. The trend of output in the long run
c. The sources of cyclical unemployment
d. The reasons why some workers become discouraged
e. The sources of long-run economic growth
C
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Why is the line between frictional and structural unemployment sometimes hard to draw?
What will be an ideal response?
Organizations which have branches in various locations can function efficiently as U-form organizations
Indicate whether the statement is true or false
Production that generates positive externalities typically produces _______ than the socially optimum and this is because benefits to ________ are not taken into account by the market
a. more; free riders b. less; free riders c. less; government d. more; government e. more; antipolluters
Labor productivity measures output per hour of work
a. True b. False Indicate whether the statement is true or false