Juanita quit her job to move to Santa Fe to be closer to her family. She is actively looking for a new job in Santa Fe. Juanita is considered
A) frictionally unemployed. B) structurally unemployed.
C) not to be unemployed. D) cyclically unemployed.
A
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Government policies that increase the long-term economic growth rate by a small amount result in ________ in average living standards.
A. no change B. small increases C. large increases D. small decreases
A contestable market is a market
a. that is highly contested by two, and only two, rival firms. b. in which the costs of entry and exit are low. c. characterized by high profitability and government regulation. d. characterized by a large number of firms; in essence, the term means the same thing as pure competition.
Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand Candy bars: People become more health-conscious and prefer vegetables instead of candy bars.
A. A. B. B. C. C. D. D.
The figure below shows an IS-LM-FE model for an economy with fixed exchange rates. Initially the economy is at Point A, a triple intersection. Here, the FE curve is steeper than the LM curve.
At Point B, the economy is experiencing
A. an overall balance of payments that is in equilibrium. B. a surplus in the overall balance of payments. C. an expanding money supply. D. a deficit in the overall balance of payments.