Structural unemployment is increased when workers can afford to be unemployed for longer periods of time as a result of:
A. unemployment insurance.
B. minimum wage laws.
C. worker mobility.
D. skill-biased technological change.
Answer: A
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All of the following are possible ways to avoid price wars EXCEPT:
a. customer segmentation with revenue management b. growing the market c. reference prices and framing effects d. to not start one e. a through c f. a through d Indicate whether the statement is true or false
When the Fed raises the required reserve ratio, it:
a. lowers the cost of borrowing from the Fed, encouraging banks to make loans to the general public. b. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. c. increases the amount of excess reserves that banks hold, encouraging them to make loans to he general public. d. increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public. e. decreases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.
When people choose to invest at home it is called ________, and when they invest abroad it is called _______.
A. investment; foreign savings B. investment; net capital outflow C. savings; net capital outflow D. savings; net direct investment
____ are unexpected temporary events that can either increase or decrease short-run aggregate supply
a. Profit effects b. Volatilities c. Supply shocks d. Misperception effects