cyclical unemployment is best defined as
a. deviation of unemployment from the natural rate
b. unemployment dued to individuals searching for new jobs
c. chronic unemployment dued to wages not balancing with goods and services
d. unemployment associated with inefficiency in capital markets
e. unemployment resulting from people who don't wish to work.
d. unemployment associated with inefficiency in capital markets
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Other things equal, the higher the interest rate paid on term deposits, the ________ funds that are available in banks' reserve accounts and the ________ the potential for expanding the money supply
A) more; greater B) more; lower C) fewer; greater D) fewer; lower
Refer to the table below for an oligopolist’s dilemma. Gillette and Schick are two companies competing in the same oligopoly market. The profit payoff for Gillette is shown in the upper corner of each box, and the profit payoff for Schick is shown in the lower corner of each box. If they cooperate and undertake price collusion the most likely price charged by each firm will be
a. $8 charged by both companies.
b. $6 charged by both companies.
c. $8 charged by Gillette and $6 charged by Schick.
d. $8 charged by Schick and $6 charged by Gillette .
The procedure used to calculate the present value of future income is called
a. indirect production. b. investment tax shelter planning. c. discounting. d. amortizing.
Prices that maximize the public interest will always allow reasonable profits for firms.
Answer the following statement true (T) or false (F)