Which person provides an example of structural unemployment?
A. A fast-food worker who quits that job to find a better-paying job.
B. A student who goes to school instead of working.
C. A worker who stays at home to take care of children.
D. A worker skilled at running an obsolete machine.
Answer: D
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Monitoring is often used by firms in an attempt to decrease
A) shirking. B) piece rates. C) adverse selection. D) signaling.
Financial intermediaries bring suppliers and demanders together in the market for
a. checks b. loanable funds c. saving d. physical capital e. income
If diminishing marginal returns is in effect
A) marginal costs fall. B) marginal costs rise. C) average costs fall. D) average revenue is constant.
Figure 14.1 shows three aggregate demand curves. A movement from point b to point c could be caused by a(n):
A. increase in the money supply. B. decrease in taxes. C. decrease in the price level. D. decrease in government spending.