Most of the unemployment that occurred during the Great Depression was
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) core unemployment.
Answer: C
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If the supply curve of cigarettes shifts to the left, quantity demanded for cigarettes
A) will decrease substantially. B) will increase substantially. C) will slightly increase. D) will slightly decrease.
If demand is given by Q = Ap-b where A and b are positive constants, the absolute value of price elasticity of demand
A) = b. B) = A. C) = A/b. D) depends on the price.
An example of organizational architecture based on production of intermediate products is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
The price of old (or existing) bonds and interest rates have an inverse relationship
Indicate whether the statement is true or false