If the economy enters a recession
A) frictional unemployment increases.
B) structural unemployment decreases.
C) cyclical unemployment increases.
D) the number of workers on layoff decreases.
C
Economics
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The inflation rate reported in the news is usually calculated from the GDP deflator rather than the consumer price index
a. True b. False Indicate whether the statement is true or false
Economics
If a competitive firm is in short-run equilibrium, then:
A. marginal revenue is equal to marginal cost. B. price is greater than marginal cost. C. price is equal to average variable cost. D. price is greater than marginal revenue.
Economics