The short-term unemployment caused by the ordinary difficulties of matching employee to employer is called:
A) frictional unemployment.
B) cyclical unemployment.
C) structural unemployment.
D) seasonal unemployment.
E) unnatural unemployment.
Ans: A) frictional unemployment.
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If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
A) Your demand curve for gasoline will shift leftward. B) Your demand curve for gasoline will shift rightward. C) Your total expenditure on gasoline will increase. D) Your total expenditure on gasoline will decrease.
Which of the following best describes what has happened to the U.S. labor supply and labor demand over the past 50 years?
a. Labor supply increased and labor demand decreased. b. Both labor supply and labor demand decreased. c. Labor supply did not change but labor demand increased. d. Both labor supply and labor demand increased. e. Labor supply increased but labor demand did not change.