Between 1950 and 2009, the average length of recessions in the United States was
A) 11 months. B) two years. C) three months. D) eighteen months.
A
Economics
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Harold was laid off from his job as a circus clown because an economic recession caused demand for tickets to the circus to dramatically decline. Harold would best be described as ________ unemployed
A) frictionally B) structurally C) cyclically D) naturally
Economics
The market supply of labor curve has a positive slope if higher wages induce households to choose
A) leisure rather than supplying labor in the labor market. B) supplying labor in the labor market rather than leisure. C) demanding labor rather than supplying it. D) None of the above answers is correct.
Economics