A housewife returning to the labor force after 20 years would be _____ unemployed until she finds work.
A. Frictionally
B. Structurally
C. Cyclically
A. Frictionally
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With inflation of 5 percent, real GDP growth of 3 percent, and an outstanding national debt of $3400 billion, the "allowable deficit" that holds the debt-GDP ratio constant is
A) $272 billion. B) $68 billion. C) $170 billion. D) $175.1 billion. E) $510 billion.
Adverse selection can only occur when there is asymmetric information
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct?
a. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. b. In 2014, real GDP per person was higher in the United Kingdom than in the United States. c. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2014. d. All of the above are correct.
When deciding whether to engage in an activity or how much to do, people should follow:
A. the principle of microeconomics. B. the principle of macroeconomics. C. the marginal principle. D. the law of supply and demand.