The natural rate of unemployment
A. increases during recessions.
B. equals the sum of frictional and cyclical unemployment.
C. equals the sum of frictional and structural unemployment.
D. is always less than full employment rate of unemployment.
Ans: C. equals the sum of frictional and structural unemployment.
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The amount of poverty in the United States ____ in the 1960s and ____ in the 1970s
a. increased; decreased b. decreased; increased c. held relatively steady; increased d. decreased; held relatively steady
For private goods allocated in markets,
a. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. b. prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources. c. the government guides the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. d. the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources.