Unemployment that is caused by business recessions is called
A. seasonal unemployment.
B. frictional unemployment.
C. structural unemployment.
D. cyclical unemployment.
Answer: D
Economics
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The price of a new portable CD player falls from $100 to $90 . The quantity of CD players demanded rises from 15,000 per year to 20,000 per year. Use the midpoint formula to calculate the price elasticity of demand for portable CD players
Is the demand elastic, inelastic, or unit elastic?
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The HPAE have been more open to imports than most developing countries
Indicate whether the statement is true or false
Economics