If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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According to the equation of exchange, if the quantity of money is $20 billion, velocity 3, and real GDP is $6 billion, then the price level is
A) 10. B) 1.1. C) 2. D) 1.6. E) 40.
Economics
The owners of capital resources are compensated according to the
a. purchase price of the capital stock. b. marginal product of capital. c. value of the marginal product of capital. d. absolute level of production of final goods and services.
Economics