Frictional unemployment explains why unemployment rises during a recession and falls during an economic expansion.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. Cyclical unemployment explains why unemployment rises during a recession and falls during an economic expansion.
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The real exchange rate is:
A) how much of a foreign currency you can buy with the domestic currency. B) foreign CPI divided by the domestic CPI. C) the price of foreign goods in terms of domestic goods. D) the price of foreign goods in dollars. E) the domestic currency divided by the price level.
Use the information in Scenario 4.2. At what price, if any, is the demand for artichokes completely elastic?
A) 50 B) 30 C) 10 D) 0 E) none of the above
An increase in real interest rates will lead to an increase in the quantity of loanable funds supplied
a. True b. False Indicate whether the statement is true or false
The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease