Frictional unemployment arises when
A) unskilled or low-skilled workers find it difficult to obtain desirable, long-term jobs.
B) labor must be reallocated from industries that are shrinking to areas that are growing.
C) workers must search for suitable jobs and firms must search for suitable workers.
D) output and employment are below full-employment levels.
C
Economics
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Refer to Figure 15-7. Suppose the Fed lowers its target for the federal funds rate. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
A) B to A. B) A to B. C) C to D. D) E to A. E) C to B.
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The intensity or loudness of sound is measured by:
a. Amps b. Bytes c. Decibels d. Watts
Economics