As a large number of students graduate from college, which category of unemployment would increase?

The most important function of money is to

A) allow for positive interest rates. B) enable people to measure their own personal worth. C) facilitate the collection of taxes. D) encourage greed among people. E) serve as a medium of exchange.

Most firms are not monopolies in the real world because

a. firms usually face downward-sloping demand curves b. supply curves slope upward c. price is usually set equal to marginal cost by firms d. monopolies are not efficient e. there are substitutes for most goods