Two years ago, when her plant closed, Sue Ann McCoy was earning $18 an hour as an assembly line worker. She is unwilling to accept a large pay cut and has been out of work for three years. She is __________ unemployed.
A. frictionally
B. structurally
C. cyclically
D. seasonally
B. structurally
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In order to make a rational choice, people must
A) decide quickly without wasting time. B) be able to afford the choice decided upon. C) determine what is in the social interest. D) only know what they want. E) compare marginal costs and marginal benefits.
If there is an exogenous increase in investment spending, Monetarists argue that there would be little or no effect on real output because the interest rate would __________,
investment would __________, saving would __________, and consumption would __________. A) decline; increase; increase; decrease B) decline; increase; decrease; increase C) rise; decrease; decrease; increase D) rise; decrease; increase; decrease
A rise in U.S. real GDP would cause
a. leftward shifts of the demand curves for foreign currencies b. rightward shifts of the demand curves for foreign currencies c. rightward movements along the demand curves for foreign currencies d. no change in the demand curves for foreign currencies e. initial rightward movements along the demand curves for foreign currencies, followed by leftward shifts of those curves.
_________is a measure of the way in which a quantity supplied leads to a change in price.
Fill in the blank(s) with the appropriate word(s).