An increase in the time spent on job search
A) decreases the unemployment rate.
B) decreases the real wage rate.
C) decreases the labor force participation rate.
D) decreases potential GDP.
E) decreases the demand for labor.
D
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Refer to the scenario above. Based on the given information, we can conclude that the market for used cars has ________
A) information asymmetry B) a perfectly competitive structure C) positive externalities D) negative externalities
How does a government budget surplus or deficit influence the loanable funds market?
What will be an ideal response?
A production possibilities curve with quantities of clothing and food on the axes shows which of the following?
I. A society cannot have an unlimited amount of each good. II. For an efficient society, an increase in clothing production will necessitate a decrease in food production. III. A society will always produce the maximum amount of both clothing and food. A) I only B) II only C) III only D) Both I and II
After the 1982 recession, the U.S. and world economies entered into a long period
a. of high unemployment rates. b. high inflation rates. c. that has become known as the "Great Moderation.". d. that has become known as the "Great Recession.".