One study found that unemployment is the economic term mentioned most often in U.S. newspapers
a. True
b. False
Indicate whether the statement is true or false
False
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Frictional unemployment is often thought to explain relatively short spells of unemployment
a. True b. False Indicate whether the statement is true or false
Collusion is most likely to succeed when there are
A. few firms and low barriers to entry. B. many firms and low barriers to entry. C. few firms and high barriers to entry. D. many firms and high barriers to entry.
If the United States' unemployment rate is 5% and the capacity utilization rate is 85-90%, then the economy is at ___________.
Fill in the blank(s) with the appropriate word(s).
In a purely competitive market place, the firm's output will be determined by
A) where MR = MC. B) where MR = ?y/?N. C) where MP = ?y/?N. D) where MC = P.