Full employment means which of the following is zero?

A. structural unemployment
B. cyclical unemployment
C. frictional unemployment
D. aggregate unemployment

Answer: B

Economics

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In the short-run, we assume that the money prices of goods and services are

A) temporarily fixed. B) permanently fixed. C) allowed to fluctuate. D) equal to long-run prices. E) fully employed.

Economics

Because heuristics appear to be hardwired into the brain, the consequences include the following, except:

A. It is sometimes difficult for people to correct detrimental behaviors or routines B. People may be vulnerable to others who understand their hardwired tendencies C. Heuristics make people consistently behave in a rational manner D. People may make behavioral changes if they're exposed to a situation where a heuristic kicks in and starts driving their decision

Economics