Econ 101 HW 9 due april 26

Econ 101 HW 9 due april 26 - Econ 101 Due Question 1 1...

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Econ 101 Due April 26, 2009 Question 1 1 points Save Which of the following is true regarding the concept of "full-employment." a. Full-employment means that the unemployment rate is 0. b. Full-employment means that the unemployment rate is somewhere around 4-5 percent. c. Full-employment means that every person who would like a job has a job. d. Full-employment means we are achieving the goal of having no unemployed workers. Question 2 1 points Save Which of the following is the biggest difference between the Short-Run and the Long-Run? a. Time. b. Some factors are fixed in the Long-Run. c. All factors are variable in the Short-Run. d. Some factors are fixed in the Short-Run; all factors are variable in the Long-Run. Question 3 1 points Save Which of the following best describes the relationship between price and output for producers? a. Changes in price directly lead to changes in output. b. Changes in price lead only to changes in employment. c. Changes in price lead to changes in employment which lead to changes in the amount of output that can be produced. d. Prices and output are always unrelated.
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Econ 101 HW 9 due april 26 - Econ 101 Due Question 1 1...

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