Stock market fluctuations
a. often go hand in hand with fluctuations in the economy more broadly.
b. rarely have anything to do with fluctuations in the economy more broadly.
c. have few, if any, macroeconomic implications.
d. are attributable to the widespread belief that the efficient markets hypothesis is correct.
a
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If we wanted to describe unemployment in terms of supply and demand, we could say:
A. there is a surplus of labor. B. at the prevailing wage, the demand is greater than the supply of labor. C. the quantity of those demanding labor is greater than those supplying labor. D. All of these are true.
This producer
A. is a perfect competitor.
B. is an imperfect competitor.
C. could be either a perfect or imperfect competitor.
The European Union is an example of ________ integration.
A) regional B) relative C) global D) bilateral
Suppose that Jason quits a job with Corporation A in order to look for more rewarding employment. Jason would be
A. counted as frictionally unemployed. B. counted as cyclically unemployed. C. included in the economy's "hidden employment." D. counted as still being employed.