Suppose, as a result of a long-run adjustment in a perfectly competitive industry to a change in demand, price and output both rose. Therefore, demand must have __________ in this __________ industry
a. fallen; increasing cost
b. fallen; decreasing cost
c. increased; increasing cost
d. increased; decreasing cost
e. decreased; constant cost
C
Economics
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The natural rate of unemployment equals
A) structural plus frictional plus cyclical unemployment. B) structural plus frictional unemployment. C) the rate of unemployment we observe in any given period of measurement. D) the rate of structural unemployment.
Economics
Which of the following financial intermediaries is NOT a depository institution?
A) a savings and loan association B) a commercial bank C) a credit union D) a finance company
Economics