With respect to unemployment, the classical model states that
A) unemployment of any kind cannot exist.
B) involuntary unemployment will always exceed voluntary unemployment.
C) unemployment fluctuates with the interest rate.
D) only voluntary unemployment exists.
D
Economics
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Willingness to pay:
A) is the lowest price that a buyer is willing and able to pay for a unit of good. B) is the highest price that a buyer is willing and able to pay for a unit of good. C) is equal to the price of the lowest-priced goods in a consumption bundle. D) is equal to the price of the highest-priced goods in a consumption bundle.
Economics
The Bureau of Economic Analysis estimates the size of the underground economy but many economists believe that the estimates are too low
a. True b. False
Economics