The natural rate of unemployment is not zero because
a. some workers will always have few skills.
b. unemployment will always rise during the recessionary phase of the business cycle.
c. the economy is characterized by dynamic change and imperfect information.
d. not every member of society is capable of participating in the labor force.
C
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If x increases and as a result y decreases, then x and y are
A) not related because the relationship is a causal one. B) positively related. C) negatively related. D) directly related. E) trend-line related.
The effects of the national health care program on goods and services markets will
A) increase the marginal cost of the firm. B) increase the quantity produced of the firm. C) consumers will pay lower prices for many goods and services. D) decrease the quantity demanded for all goods and services.