Look at the following data: The frictional unemployment rate is 2 percent, the structural unemployment rate is 3.5 percent, and the actual unemployment rate is 9.5 percent. The natural unemployment rate is ____________ percent and the cyclical unemployment rate is __________ percent

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. What is Dave's real income in terms of magazines?

A) 20 B) 40 C) 200 D) 10

The income elasticity of demand for bicycles is +10, which implies that bicycles are

A) an inferior good. B) a normal good. C) a substitute good for motorbikes. D) a complement good for motorbikes.