Full employment exists when

A) there is only frictional and structural unemployment.
B) the economy is at the natural unemployment rate.
C) there is no cyclical unemployment.
D) All of the above answers are correct.

D

Economics

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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity

If Light-U-Up is regulated and must follow an average cost pricing rule, it will produce ________ and sell at a price of ________. A) 200 kwh; 30¢ per kwh B) 200 kwh; 25¢ per kwh C) 300 kwh; 20¢ per kwh D) 400 kwh; 15¢ per kwh

Economics

A constant-cost industry

A) is one in which an increase in demand is matched by a proportional increases in long-run supply. B) generates increasing profits whenever demand increases because the new long-run equilibrium price is above the old price even though average costs have not changed. C) has a horizontal long-run supply curve. D) has a downward sloping long-run supply curve.

Economics