Which of the following is true?
A. Frictional unemployment implies a lack of available jobs.
B. During a recession, cyclical unemployment will be low.
C. When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment.
D. When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.
Answer: D
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Which of the following correctly defines the interest rate?
a. The rate at which households are interested in new consumer products, measured on a scale from 0 to 100. b. The extent to which viewers pay attention to television advertising, measured as a fraction of 100 percent. c. The extent to which news stories affect media consumers, measured on a 1-10 scale. d. The amount of money paid per year to savers as a percentage of the amount saved.
Stagflation is a situation of
A. high unemployment and high inflation. B. high unemployment and low inflation. C. low unemployment and low inflation. D. low unemployment and high inflation.
When the monopsony model is combined with the inclusive union model the result is a case of:
A. Occupational licensing B. Noncompeting groups C. Bilateral monopoly D. Institutional immobilities
A claim on the net income and assets of a corporation is called:
a. an annuity. b. an initial public offering or IPO. c. a share of corporate stock. d. a dividend.