Frictional unemployment best defined as
A. Deviation of unemployment from its natural rate
B. Unemployment of people who do not want to work.
C. Chronic unemployment due to wages not balancing supply and demand
D. Unemployment due to individuals search for new job.
D. Unemployment due to individuals search for new job.
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According to President Reagan’s Executive Order 12291,
a. economic criteria had to be met when reviewing any major regulation b. a major regulation was defined as one having an annual effect of $1 million or more c. only least cost is needed in evaluating major rules, with no consideration for maximizing net benefits d. incremental benefits of policy must be maximized, with no consideration for minimizing incremental costs
At the end of an expansion, wages of workers are usually rising faster than prices
Indicate whether the statement is true or false
What is the role of the IMF for debtor nations experiencing repayment problems? The IMF has been criticized for imposing conditions that restrict economic growth and lower living standards in borrowing countries
Do you support this view? Why or why not? Briefly explain.
Under rate-of-return regulation, average cost pricing
A) is inflated so the firm can make economic profits. B) includes variable costs but not a cost for capital. C) includes what they consider to be a fair rate of return on investment. D) includes a cost for capital that generates an above normal rate of return.