The natural unemployment rate is higher if
A) many of the new jobs created require skills possessed by the available labor.
B) there are fewer two-income households.
C) unemployment benefits become more generous.
D) efficiency wages are lower.
E) there is a decrease in the working-age population.
C
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How will an increase in the expected future exchange rate affect the current supply and demand curves for dollars?
What will be an ideal response?
If a 10 percent increase in income results in an 8 percent increase in the quantity demanded of a good, the income elasticity of demand equals ________ and the good is ________ good
A) 0.80; an inferior B) 1.2; a normal C) 0.80; a normal D) -1.2; an inferior
Each person in the population can be classified as employed or unemployed
a. True b. False Indicate whether the statement is true or false
The Sherman Antitrust Act
a. outlawed restraints and monopolies that hindered trade. b. nationalized the railroads. c. established the FDA. d. applied only to banking.