A student who just graduated from college but has not found a job would most likely be
A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.
Answer: A
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A depreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Although some tastes do change over time, economists believe that tastes are relatively stable. If tastes were not mostly stable, then we
a. could not even draw a supply curve b. could not reasonably make the other-things-constant assumption required for demand analysis c. would not have any concerns about still drawing demand curves d. could no longer eat food e. would be basing economic models on real life instead of making impossible assumptions
The monopolist's outcome happens at a:
A. lower quantity than the perfectly competitive one. B. lower price than the perfectly competitive one. C. higher quantity than the perfectly competitive one. D. cost that is equal to a perfectly competitive one.
Sugar price supports primarily benefit consumers
a. True b. False Indicate whether the statement is true or false