Unemployment compensation is available to:
A. people who are out of work through no fault of their own regardless of previous employment history.
B. anyone who is unemployed for an unlimited duration.
C. anyone who is unemployed but for a limited duration.
D. people who are out of work through no fault of their own and have worked in a covered occupation for a substantial number of weeks in the period just before they became unemployed.
Answer: D
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Refer to the above figure. Unexpected contractionary monetary policy has caused the aggregate demand curve to shift to AD2. In the short run
A) the unemployment rate will be larger than the rate before the contractionary monetary policy. B) the unemployment rate will be smaller than the rate before the expansionary monetary policy. C) the unemployment rate will be the same rate as before the expansionary monetary policy. D) the unemployment rate can increase or decrease depending upon how much the LRAS will shift.
Mixed bundling:
A. is the practice of selling several products together as a package. B. is the practice of selling the same good to different types of consumers at different prices. C. is the practice of selling several products together as a package while also offering those products for sale individually. D. is the practice of selling goods in bulk at a reduced per unit price.
Which of the following individuals will undertake extensive research before making their choice?
a. A person planning to buy a new house b. A homemaker purchasing daily groceries c. A person searching for a present before attending a birthday party d. A student buying academic books as recommended by the faculty
The opportunity cost of something is the nominal price paid for the product.
Answer the following statement true (T) or false (F)