In a Dynamic Economy Under Ideal Conditions

question 142

Multiple Choice

In a dynamic economy under ideal conditions,

• A) the unemployment rate should be near zero.
• B) some unemployment would be present due to workers temporarily being out of work while changing jobs.
• C) unemployment would tend to move upward slightly as prices increased.
• D) unemployment would tend to move slightly downward as unemployment compensation benefits increased.

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Definitions:

Real Property

Land and anything permanently attached to the land, such as buildings, which can be contrasted with personal property.

Personal Property

Assets or belongings that are not permanently attached to, or part of, real estate.

Testate Succession

The legal process of distributing a deceased person's assets in accordance with their will.

Intestate Succession

The process by which the property of a deceased person is distributed when they die without a valid will, based on laws of the state or country.