Holding other factors constant, increasing the availability of disability benefits would likely
A) decrease cyclical unemployment and the natural rate of unemployment.
B) increase structural unemployment and the natural rate of unemployment.
C) increase frictional unemployment and the natural rate of unemployment.
D) decrease the natural rate of unemployment.
D
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The gains from consumer surplus and producer surplus occur when
A) both consumers and producers engage in voluntary exchange. B) consumers are willing to buy a good but producers are not willing to provide it. C) producers are willing to provide a good but consumers are not willing to pay for it. D) the government supplies the good instead of firms.
When the market price is below the equilibrium price, the quantity of the good demanded exceeds the quantity supplied
a. True b. False Indicate whether the statement is true or false
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to $800 billion. C. to just under $500 billion. D. down to 80 percent of GDP.
Compared to France, the U.S. has a ______ union membership percentage of its labor force.
Fill in the blank(s) with the appropriate word(s).