Natural rate of unemployment is considered to be the sum of:
a. seasonal and structural rates of unemployment.
b. frictional and structural rates of unemployment.
c. seasonal and cyclical rates of unemployment.
d. frictional and cyclical rates of unemployment.
b
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The opportunity cost of capital owned by the firm should reflect
A. the return foregone by using the capital rather than renting it to another firm. B. acquisition cost. C. wage rate differences. D. both a and b
Which would be easier to reverse? For Denmark, which now pegs its national currency to the euro, to choose monetary autonomy and abandon its peg, or for Italy to switch back from the euro to the lira?
A) Italy, because all it has to do is cash euros for lire B) Italy, because it can change over to an electronic payments system C) Denmark, because it would only have to return all the euros in its treasury D) Denmark, because it would not have to change its currency, accounting structure, nor reprint domestic currency
A market in which finished goods and services are exchanged is a:
a) Product market. b) Financial market. c) Intermediate-goods market. d) Factor market.
When a second firm enters a monopolist's market:
A. market price will drop. B. sales for the first firm will rise. C. the first firm's profits will increase. D. All of these will occur.