Multiple Choice
Which of the following statements is true?
A) The unemployment rate in an economy is constant in the long run.
B) There always exists some amount of unemployment in an economy.
C) In almost every economy, each job opening is instantly filled by a qualified worker.
D) Unemployment in an economy normally increases during times of expansion and decreases during times of contraction.
Correct Answer:

Verified
Correct Answer:
Verified
Q82: Scenario: 100 people live in Country X,
Q83: The following figure shows the labor demand
Q84: The value of the marginal product of
Q85: Which categories of people are excluded when
Q86: If the opportunity cost of working outside
Q88: The following figure shows wage versus labor
Q89: The figure below shows labor supply and
Q90: Which of the following statements is true?<br>A)
Q91: Which of the following people would be
Q92: The following table compares labor statistics for