If the government increases the amount of unemployment insurance that unemployed workers can collect, the amount of frictional unemployment would be expected to:
A. fall.
B. remain constant.
C. rise.
D. first rise and then fall.
Ans: C. rise.
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A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in demand; decrease in quantity demanded B) decrease in demand; increase in demand C) decrease in demand; increase in quantity demanded D) decrease in quantity demanded; decrease in demand
A major purchaser of corporate bonds is
A) state and local governments. B) money market mutual funds. C) pension and retirement funds. D) the Federal Reserve.
The growth rate of real GDP per worker results from
A) convergence to the steady state and steady-state growth. B) growth from total factor productivity minus depreciation. C) growth from labor productivity and growth from the labor force. D) growth from investment and growth from break-even investment.
According to the graph shown, the monopolistically competitive firm:
These are the cost and revenue curves associated with a monopolistically competitive firm.
A. will earn positive profits equal to area A.
B. will earn positive profits equal to area C.
C. will earn negative profits (a loss) equal to area A.
D. will earn negative profits (a loss) equal to area B.