The natural rate of unemployment includes
A. Frictional and structural unemployment only.
B. Structural and seasonal unemployment only.
C. Cyclical and frictional unemployment only.
D. Seasonal and cyclical unemployment only.
Answer: A
Economics
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The productivity curve is a relationship between ________ and ________
A) real GDP per hour of labor; capital per hour of labor B) real GDP per hour of labor; capital C) capital per hour of labor; labor per hour of capital D) real GDP; hours of labor E) real GDP; capital
Economics
The value of marginal product equals ________ multiplied by ________
A) the good's market price; marginal cost B) the good's market price; marginal product C) marginal cost; marginal product D) marginal revenue; total product
Economics