Author Question: Empirical evidence suggests that: a. technological change leads to higher unemployment rates. b. ... (Read 55 times)

cagreen833 · **on:** Jun 30, 2018

Empirical evidence suggests that:
a. technological change leads to higher unemployment rates.
b. the unemployment rate in the U.S. in the late 1990s was lower than that in the 1970s.
c. the unemployment rate in the U.S. in the late 1990s was higher than that in the 1970s.
d. changes in the growth rate of population lead to higher unemployment rates.
e. increase in government regulation leads to higher unemployment rates.

Question 2

Consider a regulated natural monopoly. If the regulatory commission wants to establish a fair-return price, then it should set a price ceiling where the demand curve crosses the monopoly's long-run:
a. marginal revenue curve.
b. average revenue curve.
c. marginal cost curve.
d. average cost curve.