An increase in cyclical unemployment will result in
A) an increase in the natural rate of unemployment.
B) an increase in the unemployment rate.
C) an increase in structural unemployment.
D) a decrease in frictional unemployment.
Answer: B
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Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2,400th unit it sells?
A. $1 B. $3.50 C. $3.75 D. $400
How does the use of collateral and net worth help reduce the problem of adverse selection?
What will be an ideal response?
Everyone working the land knows the usefulness of investing in land irrigation systems but those who work the land may choose not to invest in these profitable irrigation systems as long as
a. the investments are too expensive b. unskilled labor is widely available c. birth rates are high d. the government dictates choice of investment e. their property rights, with respect to the land and water, are subject to change
Suppose that at the current price, consumers would like to purchase 10 million large-screen televisions and 15 million are available. When the market coordinates the demand and supply for large-screen televisions, the price of large-screen televisions will:
A. stay the same. B. rise. C. be fixed by the government. D. fall.