Suppose that the demand for pizza is inelastic. If a pizzeria decided to lower the price of pizza, total revenue would

The interest rate is the opportunity cost of transferring spending power between time periods. However, the market mechanism may fail to provide adequately for future economic growth. List the reasons why a market might fail

Unemployment caused by the normal search time required by workers with marketable skills who are changing jobs, those initially entering the labor force, or those re-entering the labor force is;

A. Seasonal unemployment B. Frictional unemployment C. Correct!Structural unemployment D. Cyclical unemployment