Seasonally adjusted unemployment rates
A) are the same as the unadjusted rates in periods of bad weather.
B) are not calculated for the U.S. economy.
C) adjust for the predictable summer increase in the unemployment rate for teenagers.
D) adjust for the predictable summer decrease in the unemployment rate for teenagers.
C
Economics
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According to the table, the price of Big Macs converted to U.S. dollars varies widely around the world. This shows that Big Macs do NOT follow the
A) law of opportunity cost. B) law of one price. C) law of demand. D) law of exchange rate parity.
Economics
Monopolies do not last in the long-run
Indicate whether the statement is true or false
Economics