Why would a macroeconomist look at the seasonally adjusted unemployment rate?
a. to observe underlying trends that seasonal unemployment might obscure
b. to understand the effect of seasonal unemployment on other types of unemployment
c. to observe how weather affects the unemployment rate in different years
d. to prove that seasonal unemployment is negligible in terms of affecting the
unemployment rate
a. to observe underlying trends that seasonal unemployment might obscure
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Both the long-run and short-run aggregate supply curves will shift when
A) the endowments of the factors of production change. B) the government increases defense spending. C) an event occurs which is expected to last only a short period of time. D) they are both upward sloping.
If the price exceeds the average variable cost, by producing the level of output such that marginal revenue equals marginal cost, the firm ensures that it will
A) earn an economic profit. B) not suffer any losses. C) earn the largest profit possible. D) survive in the long run.
The figure shows the market for books before and after a sales tax is introduced. Each week, the tax creates a deadweight loss of ________, decreases consumer surplus by ________, and decreases producer surplus by ________
A) $15; $10; $5 B) $12; $8; $4 C) $3; $10; $5 D) $3; $2; $1
What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $900 next year?
A) 5 percent B) 10 percent C) -5 percent D) -10 percent