A newspaper headline asserts: "Rising demand pulls up copper prices." The headline
A) is claiming demand determines price (rather than price determining demand).
B) is claiming more copper would be demanded at higher prices.
C) is claiming prices will fluctuate indefinitely.
D) is guilty of all three errors mentioned above.
E) makes perfectly good sense from the standpoint of economic theory.
E
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________ economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment
A) Keynesian B) Monetarist C) Classical D) All
Who among the following is NOT frictionally unemployed?
A) Andrew, a teenager who has just entered the labor market looking for his first part-time job B) Barbara, who is re-entering the labor market after a divorce C) Charles, who was laid off from his factory job but expects to be recalled in a few weeks D) Diana, who has quit her job and is now looking for another