Which of the following statements is correct?
A. Structural unemployment is unemployment resulting from changes in the structure of consumer demand or technology.
B. Search unemployment is the broadest unemployment category because it covers all other types of unemployment.
C. Frictional unemployment is the result of friction between labor and management over how best to perform work.
D. Cyclical unemployment is also called wait unemployment because this unemployment depends on the timing of the business cycle.
Answer: A
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Which two goods will most likely have indifference curves that are straight lines?
A) blue and red balloons B) left and right shoes C) pizza and hair spray D) beef and chicken
Why does an increase in the price level tend to cause the consumption function to shift downward?
a. An increase in the price level decreases disposable income. b. An increase in the price level increases the demand for fixed money assets. c. An increase in the price level decreases the value of fixed money assets. d. An increase in the price level decreases saving and increases debt.