What was the average length of unemployment in April 2012 after the Great Recession but while the economy was still recovering?
a. 14 weeks
b. 39 weeks
c. 44 weeks
d. 52 weeks
b
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In general, the marginal benefit curve
A) has a positive slope. B) has a negative slope. C) is horizontal. D) is vertical. E) is concave.
A normal good is a good for which the demand increases as income decreases, holding everything else constant
Indicate whether the statement is true or false
Some firms practice odd pricing because
A) it is a way to price discriminate. B) it is too difficult for sellers to reeducate buyers into accepting even prices. C) it lowers transactions costs. D) they believe that customers will buy a larger quantity with an odd price.
When firms select the solution that is better for all parties, the ________ is satisfied
A) Nash equilibrium condition B) Pareto Criterion C) coordination game requirement D) pure strategy requirement