As output rises, AVC
A. must be rising.
B. must be falling.
C. may be falling or rising.
D. will remain constant.
C. may be falling or rising.
Economics
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The labor force participation rate is calculated as:
A) (number of unemployed) ÷ (labor force). B) (number of employed) ÷ (adult population). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (adult population).
Economics
The contagion effect refers to the fact that
A) deposit insurance has eliminated the problem of bank failures. B) bank runs involve only sound banks. C) bank runs involve only insolvent banks. D) the failure of one bank can hasten the failure of other banks.
Economics