What does it mean when economists say the economy is at full? employment?
What will be an ideal response?
There is no cyclical? unemployment; the only remaining unemployment is structural and frictional.
Economics
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A monopoly's output decision depends only on the shape of its marginal cost curve
Indicate whether the statement is true or false
Economics
An economy does not move smoothly from recession to growth because of:
a. differing regional labor codes. b. seasonal fluctuations and random disturbances. c. consumers who do not know what to buy. d. policymakers who do not know what to do.
Economics