During a recession, the actual rate of unemployment will be
What will be an ideal response?
greater than the natural rate of unemployment
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Money market mutual funds are funds pooled by
A) a group of people to buy shares of stocks. B) a group of people to buy stock market funds. C) a group of people to buy short maturity credit instruments. D) a group of people to buy U.S. Treasury bonds.
Since the demand for labor depends on the demand for the product labor produces, the demand for labor is called:
a. primary demand. b. secondary demand. c. dependent demand. d. derived demand.
A larger error variance makes it difficult to estimate the partial effect of any of the independent variables on the dependent variable.
Answer the following statement true (T) or false (F)
The price of capital is $12 per machine-hour and the price of labor is $3 per hour. Below are production schedules for a firm showing the possible combinations of capital and labor that will produce 100 units of output. Which combination will this cost-minimizing firm choose?
A. Choice A
B. Choice B
C. Choice C
D. Choice D