In the short run, changes in output can only be brought about by a change in the quantity of variable inputs

Unemployment that results when individuals who have voluntarily quite their jobs are seeking jobs is called

A) cyclical unemployment. B) turnover unemployment. C) mismatch unemployment. D) natural unemployment.

A monopolist that chooses price

A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing. B) produces the same amount as a monopolist that chooses quantity. C) produces more than a monopolist that chooses quantity, thus the irony of laws against price fixing. D) could produce more or less than a monopolist that chooses quantity since the demand curve is not specified.