Which of the following can make the unemployment rate fall?
A. A decrease in the number of people who are looking for work.
B. A decrease in the number of people who are looking for work and an increase in the number of people with jobs.
C. An increase in the number of people who are looking for work.
D. An increase in the number of people with jobs.
Answer: B
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Refer to Figure 2-9. Carlos Vanya grows tomatoes and strawberries on his land. His land is equally suited for growing either fruit. Which of the graphs in Figure 2-3 represents his production possibilities frontier?
A) Graph A B) Graph B C) Graph C D) either Graph A or Graph B E) either Graph B or Graph C
The cost of production in an oligopolistic industry is identical for all the firms
a. True b. False Indicate whether the statement is true or false
During the late 19th century, the U.S. price level fell. This unexpected increase in the real cost of borrowing caused wealth to be redistributed from _____ to _____
Fill in the blank(s) with correct word
Modern Keynesians believe the government should use a policy of laissez faire to address a recession.
Answer the following statement true (T) or false (F)