Cyclical unemployment is caused by:
a. shifts in the structure of the economy.
b. seasonal layoffs.
c. declines in actual output below its full-employment level.
d. the absence of job skills among the unemployed.
c
Economics
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Using the above figure, suppose there is a decrease in the number of suppliers. Then
A) the equilibrium price will decrease below $25 per dozen roses. B) we cannot predict what will happen to equilibrium quantity. C) the equilibrium quantity will decrease below 10 dozen roses. D) both the equilibrium price and quantity will increase.
Economics
Which of the following holds member bank reserve balances?
a. Department of Commerce b. Treasury Department c. Federal Open Market Committee d. Federal Advisory Council e. Federal Reserve Banks
Economics