The combination of frictional and structural unemployment is the:
a. cyclical rate of unemployment.
b. transitional rate of unemployment.
c. civilian rate of unemployment.
d. natural rate of unemployment.
d
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A decrease in expected profit
A) lowers the equilibrium real interest rate. B) decreases the supply of loanable funds. C) increases the supply of loanable funds. D) increases the demand for loanable funds. E) raises the equilibrium real interest rate.
Country A produces 10 chairs and 6 tables using its resources. Country B produces 12 chairs and 18 tables. Determine the comparative advantage and the absolute advantage that both countries enjoy
What will be an ideal response?
When income rises
A) demand for a normal good rises. B) demand for a normal good falls. C) demand for an inferior good rises. D) quantity of a normal good demanded rises.
Some supporters of Keynesian economics advocate a ______ degree of government planning in all parts of the economy.
a. limited b. low c. moderate d. high