The more generous the amount of unemployment benefits, the
A) lower the opportunity cost of job search.
B) shorter the time spent searching for a suitable job and the higher the opportunity cost of being unemployed.
C) shorter the time spent searching until accepting a suitable job.
D) higher the opportunity cost of job search.
E) lower the natural unemployment rate.
A
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Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. If Dave buys 20 magazines per week, which of the following amount of pizza is not affordable to him?
A) 10 B) 20 C) 9 D) All of the above answers are correct because none of the listed amounts of pizza are affordable.
The period of growth in real GDP between the trough of the business cycle and the next peak is called the
a. recessionary phase. b. expansionary phase. c. contractionary phase. d. cyclical phase.