The full-employment rate of unemployment is also called the:
a. Natural rate of unemployment
b. Cyclical rate of unemployment
c. Frictional rate of unemployment
d. Potential rate of unemployment
a. Natural rate of unemployment
a. Natural rate of unemployment
Economics
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Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following bundles are in Max's opportunity set?
A) a, b, c B) b, d, e C) a, b, d D) None of the above
Economics
In the above scenario, the quantity of gas sold will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
Economics