A headline reads: "Economy Still in Recession." The type of unemployment most closely associated with this economic condition would be:
A. structural.
B. frictional.
C. search.
D. cyclical.
Answer: D
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Suppose a price index is formed to measure changes in the price level between 1989 to 1995. If the price index focuses on the year-to-year costs of the typical market basket purchased in 1989, then the reported price changes
a. seem worse for consumers than they really are. b. seem better for consumers than they really are. c. accurately reflect changes in people's levels of satisfaction. d. may overestimate or underestimate the effects of price changes, depending on whether consumers' indifference curves are relatively flat or steep.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
What three factors that were critical to economic prosperity did Adam Smith observe, and later publish in The Wealth of Nations?
What will be an ideal response?
Dumping can never be a profit maximizing strategy for a firm to follow
Indicate whether the statement is true or false