Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs.
B. the extra unemployment that occurs during periods of recession.
C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers.
D. the unemployment that results when people retire or leave the labor force.
Answer: A
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When individuals use ________ about an economic variable to make a decision, expectations are rational
A) only historical information B) all available information C) only information garnered in the private sector D) only information announced by the Fed
Other things equal, an increase in the tax on dividends is likely to result in all of the following EXCEPT:
A) higher expected return on bonds relative to stocks B) increased demand for bonds C) lower interest rates D) higher interest rates