When a firm is experiencing decreasing marginal costs, it implies

Hector voluntarily left his job to search for a job in accounting, the field in which he has his bachelor's degree. Hector is considered

A) frictionally unemployed. B) not to be unemployed. C) structurally unemployed. D) cyclically unemployed.

Disintermediation refers to the

A) failure of financial intermediaries due to moral hazard problems. B) failure of financial intermediaries due to adverse selection problems. C) movement of savers and borrowers from banks to financial markets. D) removal of government regulations of financial intermediaries.