Which of the following could be used to support the argument that the natural rate of unemployment has fallen in the last ten years?
A. The proportion of young people in the labor force is shrinking.
B. Many people who would normally be counted as unemployed are behind bars.
C. Workers are more insecure because of numerous plant closings and corporate downsizing, and as a result, are less likely to quit their jobs to look for work elsewhere.
D. All of the choices are correct.
D. All of the choices are correct.
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Why do some firms in an oligopoly refrain from colluding?
What will be an ideal response?
If consumption changes because of a change in the price level, then the
A) economy moves from one point on an AD curve to another point on the same curve. B) AD curve shifts. C) economy moves from one point on a SRAS curve to another point on the same curve. D) SRAS curve shifts. E) none of the above