The U.S. unemployment insurance program
A) decreases the level of frictional unemployment.
B) pays the unemployed a benefit equal to twice the average wage.
C) increases the amount of time the unemployed spend searching for a job.
D) eliminates structural unemployment.
C
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As the dollar price of a euro falls
A) U.S. residents will purchase fewer French imports. B) the quantity of euros supplied will increase. C) French goods will be less expensive to U.S. residents. D) French residents will increase their purchases of U.S. assets.
The equimarginal principle illustrates:
a. that consumers are essentially robots. b. that people behave irrationally. c. that people behave in rather consistent ways in order to maximize happiness. d. that people behave in rather inconsistent ways. e. that people will spend all their incomes.
Pure monopoly is not studied because of its descriptive realism, but because it is a stepping stone toward more realistic models
a. True b. False Indicate whether the statement is true or false
Which of the following is most indicative of a recession?
a. a decline in unemployment b. a rise in inflation c. a decline in real GDP d. an increase in the interest rate