If the nation's economy were always on its long-run growth path, then unemployment would be equal to
A) the natural rate of unemployment.
B) frictional unemployment.
C) cyclical unemployment.
D) structural unemployment.
A
Economics
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Which of the following best illustrates the concept of "derived demand"?
a. A decrease in the price of glass causes the demand for plastic to decrease. b. An increase in the demand for bread leads to an increase in the demand for flour. c. A decrease in the price of air travel leads to an increase in the quantity demanded of air travel. d. An increase in the demand for peanut butter leads to an increase in the demand for jelly.
Economics
The Clayton Act
a. preceded the Sherman Act. b. replaced the Sherman Act. c. strengthened the Sherman Act. d. was specifically designed to reduce the ability of cartels to organize.
Economics