A variable that tends to move at the same time as aggregate economic activity is called
A) a leading variable.
B) a coincident variable.
C) a lagging variable.
D) an acyclical variable.
B
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Frictional unemployment is due to a mismatch between peoples' skills and job requirements
Indicate whether the statement is true or false
The problem of asymmetric information in multi-plant firms involves
A) only the problem of how to get managers to produce as much as possible. B) only the problem of how to get managers to produce the amount the larger firm wants them to, whether it be a lot or a little. C) both the problem of how to get managers to produce the appropriate amount and the problem of how to get them to accurately report their capacity. D) both the problem of how to get managers to produce the appropriate amount and the problem of how to get them to not sell that output outside of the firm. E) both the problems of vertical and horizontal integration with the rest of the firm.