During a recession, the unemployment rate
A) is, by definition, above 25 percent.
B) is, by definition, above 10 percent.
C) usually increases but not necessarily to 10 percent or 25 percent.
D) remains constant.
E) usually decreases.
C
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By the time the Civil War (1861–1865) ended, hyperinflation was a problem in both the North and the South
Indicate whether the statement is true or false
Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True b. False Indicate whether the statement is true or false
The marginal wage is measured by
A. The change in total wages paid divided by the change in the quantity of labor employed. B. Total wages paid divided by the quantity of labor employed. C. The change in total wages paid divided by the change in the quantity of output produced. D. The percentage change in wages divided by the percentage change in the quantity of labor employed.
Refer to the above figure. The market clearing price is
A. $2. B. $6. C. $8. D. $10.