Data on labor-force flows show that
A) in any given month, almost none of the unemployed gets jobs.
B) in any given month, almost all of the unemployed gets jobs.
C) the average duration of unemployment is about 2 weeks.
D) the average duration of unemployment is about 2 years.
E) in any given month, about one-fourth of the unemployed get jobs.
E
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Deflation
a. reflects falling price levels b. was prevalent during the oil shocks of the 1970s c. under the current trends will cause consumers' purchasing power to shrink d. has been persistent in the U.S. economy since the Great Depression e. is the same as stagflation
Which of the following would be a private cost of smoking to a cigarette smoker?
a. cost to a private firm of the higher health insurance premiums due to the hiring of a smoker b. cost to a private firm of the reduced productivity of a smoker, who misses days of work as a result of smoking c. cost to the city of extra park lawn cleanup due to the presence of cigarette butts d. price of a pack of cigarettes e. cost to the government to pay the hospital expenses of indigent private smokers