Is it possible for the unemployment rate to rise at the same time that the number of people working increases?
A. yes, if labor force growth outpaces growth in the number of people working
B. yes, if established workers keep their jobs but no longer have the option of working overtime
C. yes, if the new workers are employed less than full time
D. no
Answer: A
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In the United States, (gross) investment has fluctuated between ________ of GNP in recent years
A) 2 and 12 percent B) 11 and 22 percent C) 22 and 32 percent D) 32 and 42 percent E) 42 and 52 percent
The order of integration
A) can never be zero. B) is the number of times that the series needs to be differenced for it to be stationary. C) is the value of ?1 in the quasi difference(?Yt - ?1Yt-1). D) depends on the number of lags in the VAR specification.
Asymmetric information will lead to
a. higher prices for some used cars, lower prices for others. b. "lemon" prices for good used cars. c. new cars selling for prices lower than good used cars. d. old cars selling for more than new cars.
Which of the following is not a characteristic of a competitive price-searcher market?
a. Each firm produces a differentiated product. b. The entry barriers are high. c. Each firm faces a downward-sloping demand curve. d. The number of firms in the market is large.