In the long run the unemployment rate equals
a. zero.
b. the cyclical rate of unemployment.
c. the natural rate of unemployment.
d. the sum of the cyclical and natural rate of unemployment.
c
Economics
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From the viewpoint of economic efficiency, when competitive forces in an industry are weak, market allocation will often lead to
a. an output of the product that exceeds the amount consistent with ideal economic efficiency. b. an output of the product that is less than the amount consistent with ideal economic efficiency. c. an output of the product that equals the amount consistent with ideal economic efficiency. d. product prices that are below the cost of production.
Economics
The use of hospitals today is dominated by
A. immigrants. B. obstetrical care. C. the wealthy. D. the elderly.
Economics