The cyclical unemployment rate is positive when
A. frictional unemployment equals structural unemployment.
B. there is an expansionary gap.
C. the output gap equals zero.
D. there is a recessionary gap.
Answer: D
Economics
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Refer to Figure 16.1. An increase in the real interest rate is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
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The law of diminishing marginal utility states that total utility must eventually diminish in the consumption of any good or service
Indicate whether the statement is true or false
Economics