Unemployment arising from a mismatch of skills is called:
a. frictional unemployment.
b. structural unemployment.
c. seasonal unemployment.
d. cyclical unemployment

The equation of exchange ________

A) states that the quantity of money multiplied by velocity must equal nominal income in a given year B) describes a relationship that is true by definition C) shows that real GDP must equal real money balances times the number of times a dollar turns over in a year D) all of the above E) none of the above

Most people buy insurance because they

a. are risk lovers b. enjoy the gamble c. are risk neutral d. want to avoid gambles