Frictional unemployment is joblessness
a. related to changes in weather and similar factors
b. arising from a mismatch between available jobs and workers' skills
c. resulting from macroeconomic fluctuations
d. that is short-term and is experienced by people who are between jobs
e. that is caused by structural changes in the economy
D
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Measured in BTUs per dollar of real GDP, energy consumption fell by only 5 percent between 1970 and 1975, but had fallen by almost 30 percent by 1990 . These figures illustrate the fact that
a. energy demand does not respond to price changes in the short run. b. energy demand does not respond to price changes in the long run. c. energy demand is more elastic in the short run than in the long run. d. energy demand is more elastic in the long run than in the short run.
What type of business is most likely to be run as a family business?
a. multinational b. corporation c. partnership d. mutual fund e. sole proprietorship