With respect to unemployment, the classical model states that
A. involuntary unemployment will always exceed voluntary unemployment.
B. unemployment fluctuates with the interest rate.
C. only voluntary unemployment exists.
D. unemployment of any kind cannot exist.
Answer: C
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The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,
A) the cost per mile increases. B) the fall in the cost per mile becomes greater. C) the cost per mile remains unchanged. D) the cost per mile decreases. E) the fall in the cost per mile becomes smaller.
Describe the supply curve in a monopoly market
What will be an ideal response?
Two important theories of unemployment are
A) game theory and search theory. B) search theory and the efficiency wage theory. C) the efficiency wage theory and the quantity theory. D) the quantity theory and game theory.
Why is trade based on comparative advantage?
What will be an ideal response?