Kara is a construction worker. Because of adverse weather during the winter, she has been laid off from her job. She is available for work and has even sought work with other construction companies. Kara is
a. experiencing frictional unemployment
b. experiencing seasonal unemployment
c. experiencing structural unemployment
d. experiencing cyclical unemployment
e. not in the labor force at this time
B
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Compared to the 1960s, the effectiveness lag is ________ due to ________
A) shorter, changes in fiscal policy B) longer, structural changes in the economy C) shorter, deregulation D) longer, increased sensitivity of consumer spending to interest rates
Anyone can buy marketable pollution rights for sulfur dioxide, even environmentalists
a. True b. False
An excess supply of money is eliminated by a decrease in the value of money
a. True b. False Indicate whether the statement is true or false
The tangency points between the long-run average cost curve (LRAC) and the short-run average cost curves (SRAC) are
A) always at the minimum of the SRACs. B) never at the downward portion of the SRACs. C) always at the maximum of the SRACs. D) not necessarily at the minimum of the SRACs.