A decrease in the price of a commodity results in a(n)
a. decrease in supply
b. decrease in quantity demanded
c. increase in demand
d. decrease in quantity supplied
e. increase in supply
D
Economics
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The rate of growth in real GDP minus the rate of growth of the population is the
A) rate of growth of nominal GDP. B) population growth rate. C) rate of growth of per capita real GDP. D) unemployment rate.
Economics
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called
a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Economics