A headline states: "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?
A. Structural
B. Cyclical
C. Frictional
D. Natural
B. Cyclical
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The size of the labor force is
A) equal to the size of the population. B) equal to the working-age population. C) less than the number of employed workers if the number of unemployed workers is small enough. D) less than the number of unemployed workers if the number of employed workers is small enough. E) greater than the number of employed workers as long as there are some unemployed workers.
In the United States, domestic investment is greater than national saving
Indicate whether the statement is true or false
When economic profits are positive, accounting profits
A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.
If the quantity supplied of money is less than the quantity demanded of money, people will ________ bonds which will cause bond prices to ________ and the nominal interest rate to ________ until the quantity demanded and quantity supplied of money are equal.
A. sell; rise; fall B. buy; fall; rise C. sell; fall; rise D. sell; fall; fall