When the economy moves into recession, some companies lay off workers. Those unemployed workers are experiencing cyclical unemployment

A free-rider problem exists when a good that has the following characteristic?

a. Rivalry in consumption. b. Elastic demand. c. Inelastic demand. d. Nonexcludable.

If real GDP increased and nominal GDP decreased during the same year, we could conclude that

a. the general price level increased during the year. b. the unemployment rate increased during the year. c. the general price level fell during the year. d. net exports were negative.