If the labor force participation rate is rising and the working-age population is not changing, then the
A) size of the labor force is rising.
B) number of unemployed people is rising and the size of the labor force is falling.
C) size of the labor force is falling.
D) number of unemployed people is falling and the size of the labor force is rising.
A
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An expansion occurs when ________, when ________, or when both of these occur.
A. potential output grows slowly; actual output equals potential output B. potential output grows slowly; actual output rises above potential output C. potential output grows rapidly; actual output equals potential output D. potential output grows rapidly; actual output rises above potential output.
Which of the following is NOT an example of a factor of production?
A) Coal B) Tractors C) Cigarettes D) College graduates
In monopolistic competition, barriers to entry give the firms the power to set their price
Indicate whether the statement is true or false
In the Keynesian model, a firm's high menu costs cause
A) real-wage rigidity. B) full employment. C) price stickiness. D) efficiency wages.