Which of the following markets is likely to be perfectly competitive?

When the economy goes into recession, the biggest increase in unem-ployment is _________

A. structural because jobs are lost in most states B. cyclical because jobs are lost in many industries as they cut production C. frictional because the creation of jobs slows D. the combination of structural and frictional as few new jobs are created.

Suppose the government cuts taxes. We would expect interest rates to ________ and the dollar to ________ in foreign exchange markets

A) rise; depreciate B) fall; appreciate C) rise; appreciate D) fall; depreciate