In a perfectly competitive labor market, at the equilibrium wage rate: A) cyclical unemployment ...

Author Question: In a perfectly competitive labor market, at the equilibrium wage rate: A) cyclical unemployment ... (Read 56 times)

joblessjake

Hero Member
Posts: 555

on: Jun 30, 2018

In a perfectly competitive labor market, at the equilibrium wage rate:

A) cyclical unemployment is negative. B) frictional unemployment is positive.
C) frictional unemployment is zero. D) cyclical unemployment is positive.

Question 2

________ unemployment is NOT associated with economic fluctuations.

A) Frictional B) Cyclical C) Structural D) both A and C

Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7^th Edition

Buy Test-Bank

Silverbeard98

Sr. Member
Posts: 355

Reply #1 on: Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

D

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.