Unemployment caused by permanently decreased demand for horse - drawn carriages is an example of
A) frictional unemployment.
B) discouraged unemployment.
C) seasonal unemployment.
D) structural unemployment.
E) cyclical unemployment.
D) structural unemployment.
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. The Axelrod study shows that "Tit-for-Tat" is a successful strategy for playing a repeated Prisoners' Dilemma game. 2. The Peltzman study shows consumers overall have benefited from the requirement that drug manufacturers prove the safety and effectiveness of their products. 3. Consumers will be better off when the government imposes minimum quality standards. 4. The Stigler and Friedland study shows that regulation always has significant effects on price, although those effects may be positive or negative. 5. Contestable market conditions will cause a natural monopoly to produce the competitive quantity.
What is the substitution effect?
What will be an ideal response?
When expansionary fiscal and monetary policies are joined with a ________ exchange rate system, the various components of economic policy often interact in ways that lead to a crisis followed by a steep recession
A) fixed B) floating C) crawling peg D) flexible
Monitoring a manager can be difficult if
A) the owner and manager do not have an enforceable contract. B) the owner cannot easily observe the manager's actions. C) the manager doesn't have to use a time clock. D) the board does not have enough outside directors.