The market supply curve is also the

A) marginal social cost curve.
B) marginal value curve.
C) marginal social benefit curve.
D) maximum-supply-price curve.

A

Economics

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John Smith leaves his job in New York to go to California in hopes of finding a better one. If John Smith is unemployed while searching for a job in California, economists would consider him to be

A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) naturally unemployed.

Economics

The classical model indicates that at the equilibrium interest rate, saving is

A) equal to investment. B) greater than investment. C) unnecessary for investment. D) less than investment.

Economics