Structural unemployment results primarily from automation and long-lasting changes in demand
Indicate whether the statement is true or false
True
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A decrease in the demand for a good generally implies that:
a. consumers are willing to buy larger quantities of the good at each price. b. the demand curve for the good has shifted to the right. c. consumers are willing to pay a higher price for each unit of the good. d. the demand curve for the good has become steeper. e. the demand curve for the good has shifted to the left.
Time Fixed Effects regression are useful in dealing with omitted variables
A) even if you only have a cross-section of data available. B) if these omitted variables are constant across entities but vary over time. C) when there are more than 100 observations. D) if these omitted variables are constant across entities but not over time.
The ebbs and flows of the economy over time is called the
A) yield curve. B) business cycle. C) competitive market process. D) CAPM.
A market in which the entire demand for a good or service can be satisfied at the least cost by a single firm is a:
A. horizontal market. B. natural monopoly. C. contestable market. D. perfect market.