In the long run, increases in output per person arise primarily from:
A. increases in female labor force participation.
B. increases in average labor productivity.
C. an increasing proportion of the population retiring
D. increases in male labor force participation.
Answer: B
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Which of the following policies would reduce structural unemployment?
A) implementing an unemployment insurance policy B) a job retraining program C) building an online job database that helps workers find jobs D) an increase in the minimum wage
Based on Table 9.3, if values in the table are amended to reflect a net increase in U.S. foreign direct investment of 100, then the new balance for the capital account balance becomes
A) -75. B) -25. C) +25. D) +75. E) +225.
An example of an oligopoly is: a. the commercial airline industry. b. a stock market
c. the video rental industry. d. the market for eyeglasses.
How long do most business cycles last?
A. Two full years B. Two consecutive quarters C. At least 10 years D. Varying lengths of time