The type of unemployment resulting from the fact that labor market information is less than perfect is called
a. frictional unemployment.
b. natural unemployment.
c. cyclical unemployment.
d. structural unemployment.
A
You might also like to view...
According to this Application, clear property rights are important for economic growth, because without a clear title to property
A) no utilities will be available for the property. B) the property cannot be used as collateral for loans. C) people will not reside on the property. D) the property has no value.
What is the difference between a demand schedule and a demand curve?
What will be an ideal response?
The teal book is the Fed research document containing
A) the forecast of national economic variables for the next three years. B) forecasts of the money aggregates conditional on different monetary policy stances. C) information on the state of the economy in each Federal Reserve district. D) both A and B. E) A, B and C.
If a profit-maximizing firm finds that, at its current level of production, MR > MC, it will
A) earn greater profits than if MR = MC. B) increase output. C) decrease output. D) shut down.