Full employment does not mean that there is zero unemployment because
A) of unrealistic wage expectations.
B) some cyclical unemployment is always present.
C) of the existence of discouraged workers.
D) business fluctuations are inevitable.
E) some frictional unemployment is always present.
E) some frictional unemployment is always present.
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Over time, the equilibrium price of a gigabyte of computer memory has fallen while the equilibrium quantity purchased has increased. Based on this we can conclude that:
A. decreases in the demand for computer memory have exceeded increases in supply. B. increases in the supply of computer memory have exceeded increases in demand. C. increases in the demand for computer memory have exceeded increases in supply. D. decreases in the supply of computer memory have exceeded increases in demand.
Which of the following is a price floor?
A. a freeze on upward-moving gasoline prices B. rent controls C. minimum wage rates D. college tuition caps