The cyclical unemployment rate is 0 when the overall unemployment rate is
A. 15.
B. 10.
C. 5.
D. 3.
E. 0.
C. 5.
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What happens if the price of a product is below the equilibrium price?
A) There will be a surplus of the product. B) There will be an excess demand for the product. C) The buyers will stop purchasing a "cheap" product. D) The producer will lower the price to sell more product.
________ and ________ oligopolies are similar in that they both compete on quantity.
A) Cournot; Bertrand B) Stackelberg; Bertrand C) Cournot; Stackelberg D) Stackelberg; Chamberlin
Statistical Murder
What will be an ideal response?
One of the most important enforcement tools of the Consumer Finance Protection Bureau is:
A) the threat of civil charges against those who violate the laws involving money transfers, foreclosure and many other financial services B) the ability to audit financial firms and institutions C) the ability to initiate new regulations D) the authority to impose criminal penalties