Frictional unemployment is the temporary unemployment that results from the search time that occurs when people are searching for suitable jobs and firms are looking for suitable workers
a. True
b. False
Indicate whether the statement is true or false
True
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Graphically, the presence of an external cost that is ignored by producers can be shown as
A) a market supply curve to the left of the market supply curve for where the producers have to pay for the external cost. B) a market supply curve to the right of the market supply curve for which the producers have to pay for the external cost. C) a market supply curve the same as the market supply curve for which the producers have to pay for the external cost. D) the absence of a market supply curve.
An increase in the price of good x will be accompanied by:
a. a shift in the market demand curve for good x. b. a shift in the market demand curve for good y (a substitute for good x). c. a movement along the market demand curve for good x. d. both b and c.
Do bankers create money?
A. No, they cannot do this as private businesses. B. No, they are prevented by federal law. C. Yes, they create money through multiple deposit creation. D. Yes, they create money by opening checking accounts for customers.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are D2 and S1. A decrease in British demand for U.S. exports, ceteris paribus, could
A. increase the equilibrium quantity from 300 to 400 pounds. B. decrease the exchange rate ($/pound) to $1.50. C. increase the exchange rate ($/pound) to $2.00. D. increase the demand for pounds from D2 to D1.