________ that often erode effectiveness of monetary and fiscal policy measures represent delays in the response of the economy to stabilization policy.

Cyclical unemployment results from: a. a mismatch of skills

b. being in the wrong geographical location. c. monetary cost and the time it takes to find the best job. d. seasonal decreases in demand for labor. e. prolonged declines in business activity.

A cartel is a group of firms with an implicit, informal agreement to fix prices and output shares in a particular market.

Answer the following statement true (T) or false (F)