Involuntary unemployment
A) will increase as the wage rate falls.
B) exists when there is an excess quantity of labor supplied.
C) occurs when the wage rate is below the equilibrium wage rate.
D) exists when there is a shortage of labor.
B
Economics
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National defense is an example of a ________
A) public good B) natural monopoly good C) common resource D) private good
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Fiat money has
A) little to no intrinsic value but is backed by the quantity of gold held by the central bank. B) little to no intrinsic value and is authorized by the central bank or governmental body. C) value, because it can be redeemed for gold by the central bank. D) a great intrinsic value that is independent of its use as money.
Economics