The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed

In the above figure, what is the profit-maximizing price and output?

A) $9, 14 B) $13, 14 C) $11, 16 D) $10, 17

Real income is the purchasing power of nominal (money) income

a. True b. False Indicate whether the statement is true or false