Cyclical unemployment is caused by
A. reducing international trade barriers, which causes some industries to expand employment and others to reduce employment.
B. people entering the labor force to search for jobs.
C. technological progress, which causes some industries to expand employment and others to reduce employment.
D. recessions.
Answer: D
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If national saving decreases
A) the sum of domestic investment and foreign investment must increase. B) the sum of domestic investment and foreign investment must decrease. C) foreign investment must increase to cover the loss. D) the sum of domestic investment and net exports must increase.
A payment is said to be indexed if it is automatically adjusted for inflation.
Select whether the statement is true or false. A. True B. False
A 2 percent increase in the price of rice leads to a 2 percent decrease in the quantity demanded of rice. The absolute price elasticity of demand is
A) 3. B) 1. C) 0.1. D) 6.
A decrease in the price of a good causes
A. the nominal wealth of a person to increase. B. the marginal utility of the good to decrease. C. the utility of the good to decrease. D. purchasing power of a person's income to increase.