Federal Reserve governors are given long terms to insulate them from politics

A movement from one point on a production possibilities frontier to another represents

A) unemployment. B) a tradeoff. C) an advance in technology. D) full employment of labor but not capital. E) a free lunch.

Structural unemployment usually lasts ________ period of time ________ unemployment

A) a longer; than frictional B) a shorter; than frictional C) a shorter; than seasonal D) a shorter; than cyclical E) the same; as cyclical