In the United States during the Vietnam War era, as military spending increased
A) unemployment dropped to very low levels.
B) frictional unemployment dropped, but cyclical unemployment increased.
C) both frictional and cyclical unemployment increased.
D) overall unemployment rates did not change.
A
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Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce
A) 1 shirt. B) 2 shirts. C) 3 shirts. D) 4 shirts.
Which of the following is the best statement about how the amount of the net public debt that a typical individual owes to the holders of the debt has varied in the recent past?
A) The amount has not varied much over time. B) The amount has varied a lot over time. C) The amount has steadily increased over time. D) The amount has steadily decreased over time.