As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences
A) structural unemployment.
B) frictional unemployment.
C) cyclical unemployment.
D) changes in the business cycle.
E) avoidable unemployment.
B
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When the required reserve ratio is lowered,
a. the money multiplier increases, and the amount of excess reserves increases in the banking system. b. the money multiplier decreases, and the amount of excess reserves increases in the banking system. c. the money multiplier decreases, and the amount of excess reserves decreases in the banking system. d. the money multiplier increases, and the amount of excess reserves decreases in the banking system. e. there is no change in either the money multiplier or the amount of excess reserves in the banking system.
Using a common resource:
A. creates a positive externality for others. B. maximizes total surplus. C. is an irrational decision. D. imposes a negative externality on others.