Which of the following does NOT contribute directly to the persistence of structural unemployment
What will be an ideal response?
work tests
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For a single-price monopolist to sell one more unit of a good, it must
A) lower the price on just the last unit sold. B) lower the price on all units sold. C) raise the price on just the last unit sold. D) raise the price on all units sold.
An oligopoly has ______ sellers in the market.
A. 0 B. 1 C. 3 D. many
Exhibit 3-8 Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? In Exhibit 3-8, if the price of video games was currently $45, there would be an ____________ of ______________ video games in this market.
A. excess demand; 700 B. excess demand; 100 C. excess supply; 100 D. excess supply; 600
Recurring upswings and downswings in an economy's real GDP over time are called:
A. recessions. B. business cycles. C. output yo-yos. D. total product oscillations.