The natural rate of unemployment
a. is an artificially low rate that cannot be maintained.
b. is a constant rate that is unaffected by changes in public policy.
c. is the rate of unemployment present when the economy is operating at full employment.
d. is equal to the number of persons unemployed divided by the number in the labor force.
C
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Government actions can cause a
A) shift in the supply curve. B) shift in the demand curve. C) reaction from firms in other countries. D) All of the above.
All of the following are advantages of partnerships except one. Which is the exception?
a. they are relatively easy to start b. their profits are taxed once as personal income c. their liability is limited by each partner's share of the business d. a greater opportunity for specialization by the owners e. a continuation of the firm if one partner dies
In response to a price change for good Y, if the cross-elasticity of demand for good Y is negative, good X and good Y are substitutes
a. True b. False Indicate whether the statement is true or false
A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product upward and increase the equilibrium price.
A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product
and
the equilibrium price.