Which of the following is true of cyclical unemployment?
A) Cyclical unemployment increases during periods of economic boom.
B) Cyclical unemployment is the deviation of unemployment from its natural rate.
C) Cyclical unemployment is also known as frictional unemployment.
D) Cyclical unemployment decreases during periods of economic boom.
B
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Marginal analysis involves looking at the extra costs involved in a decision
a. True b. False Indicate whether the statement is true or false