Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:
a. underemployment.
b. seasonal unemployment.
c. frictional unemployment.
d. structural unemployment.
e. cyclical unemployment.
d
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Neoclassical growth theory predicts that China's economic growth rate will ________
A) decrease when the interest rate increases B) continue at around 10 percent a year C) always remain above the U.S. economic growth rate D) eventually converge to the U.S. economic growth rate
Two corporations (TruBlu and FlyByNight) issue perpetuities that both pay $1,000 per year, but the market price of the FlyByNight bonds are much lower
The difference in the bond prices may reflect the belief that the bonds issued by FlyByNight are ________ risky when compared to the TruBlu bonds. A) less B) more C) equally D) none of the above
If prices are inflexible, monetary policy:
A. affects real income but not nominal income. B. affects both nominal and real income. C. does not affect real or nominal income. D. affects nominal income but not real income.
When a Japanese resident buys a good or service from a U.S. producer, there is a(n)
A. decrease in the demand for yen in the foreign exchange market. B. decrease in the supply of yen in the foreign exchange market. C. increase in the demand for yen in the foreign exchange market. D. increase in the supply of yen in the foreign exchange market.