Cyclical unemployment ________
A) decreases during an expansion
B) grows at the same rate as potential GDP
C) is zero at a business-cycle trough
D) decreases during a recession
A
Economics
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A single-price monopoly will set its price according to which of the following rules?
A) P = MR and MR = MC B) P = MC where the MC curve crosses the demand curve C) P = MR where the MR curve crosses the demand curve D) None of the above answers is correct.
Economics
About what percentage of the U.S. labor force works under union wage contracts?
A) 50 percent B) 35 percent C) 25 percent D) 10 percent
Economics