The amount of unemployment varies
a. little over time and across countries.
b. little over time but substantially across countries.
c. substantially over time but little across countries.
d. substantially over time and across countries.
d
Economics
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As the Fed lowers the federal funds rate,
A) the price level falls. B) real GDP decreases. C) aggregate demand increases. D) aggregate supply increases. E) aggregate income decreases.
Economics
When a firm can hire all the labor it wants at the competitive market wage, the marginal labor cost is equal to the
a. price of the output b. total cost of labor c. marginal physical product of labor d. wage rate e. change in labor employed
Economics