Which of the following statements best describes the neoclassical view about movements in unemployment?
a. The neoclassical view is not especially helpful in explaining why unemployment moves up and down over long time horizons.
b. The neoclassical view is especially helpful in explaining why unemployment moves up and down over short time horizons of a few years.
c. The neoclassical view is not especially helpful in explaining why unemployment moves up and down over short time horizons of a few years.
d. The neoclassical view is especially helpful in explaining why unemployment moves up and down over short and long time horizons.
c. The neoclassical view is not especially helpful in explaining why unemployment moves up and down over short time horizons of a few years.
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In 2006, before the start of the recession, the employment-population ratio was 63.4 percent. In August 2015, more than six years after the end of the recession, the ratio
A) was still 50 percent lower than the ratio in 2006. B) had increased to 72.3 percent. C) was still only 59.4 percent. D) was back to its 2006 level.
Other things the same, as the price level decreases it induces greater spending on
a. both net exports and investment. b. net exports but not investment. c. investment but not net exports. d. neither net exports nor investment.
Which of the following groups of people would most likely pay a higher percentage of their wages on excise tax?
a. doctors earning $400,000 per year b. engineers earning $95,000 per year c. teachers earning $55,000 per year d. cashiers earning $25,000 per year
Are small town banks monopolies?
a. No, they are regulated by government agencies. b. Yes, one town is an easy market to monopolize. c. Yes, there are many barriers to competition in banking. d. No, there are other banking options that are easy to use.