Describe the three types of unemployment?
What will be an ideal response?
The three types of unemployment are frictional, structural, and cyclical. Frictional unemployment occurs when some people move into and out of the job market or when people are between jobs. Structural unemployment refers to unemployment resulting from changes in the structure of the economy. Cyclical unemployment is unemployment associated with recessions.
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The ________ specializes in making long-term loans for capital investment projects that do not have private financial support
A) International Monetary Fund B) Federal Reserve Bank C) World Bank D) European Central Bank
As a firm expands its output, cost per unit of output (average cost) decreases and then increases. Average cost and output have
A) a relationship with a minimum. B) a relationship with a maximum. C) no relationship. D) a linear positive relationship.