Author Question: When the economy moves into and out of recessions and expansions, the unemployment rate fluctuates ... (Read 81 times)

savannahhooper · **on:** Jun 29, 2018

When the economy moves into and out of recessions and expansions, the unemployment rate fluctuates around the

A) natural unemployment rate.
B) structural unemployment rate.
C) cyclical unemployment.
D) frictional unemployment rate.

Question 2

Marvin loves chocolate truffles. As the price of a chocolate truffle increases from 1 to 2 to 3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is ________.

A) elastic
B) unit elastic
C) illustrated by a horizontal demand curve
D) perfectly inelastic