Full employment occurs when the
A) cyclical unemployment rate equals the natural unemployment rate.
B) structural unemployment rate equals zero.
C) unemployment rate equals the natural unemployment rate.
D) natural unemployment rate equals the frictional unemployment rate.
E) structural unemployment rate equals the frictional unemployment rate.
C
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Using the data in the above table, at the price of $80 a phone, a
A) shortage of 25 thousand cellular telephones occurs. B) surplus of 80 thousand cellular telephones occurs. C) surplus of 25 thousand cellular telephones occurs. D) shortage of 55 thousand cellular telephones occurs.
Taxes on polluting firms have
a. been tried, but not successfully. b. been successful in Germany in reducing water pollution. c. resulted in bankruptcy of the affected firms. d. never been tried to see if they work.