When construction workers seek work because the ground is covered in snow and ice, the unemployment rate goes up. This situation is an example of:
A. Frictional unemployment.
B. Seasonal unemployment.
C. Structural unemployment.
D. Cyclical unemployment.
B. Seasonal unemployment.
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All of the following are likely results of a negative demand shock EXCEPT
A) a negative output gap. B) lower inflation. C) IS shifts to the left. D) Phillips curve shifts to the left.
Which of the following tools of commercial policy yields a revenue to the government?
a. Quota b. Tariff c. Export subsidy d. Government procurement policy e. Health and safety standards
Consumer surplus is the difference between what the producer actually receives for a good and what the producer is willing to receive
a. True b. False Indicate whether the statement is true or false
Commercial banks increased their involvement in mortgages over the years due to:
A. the ability to securitize mortgages which made them more liquid. B. the increase in commercial loans demanded due to the development of the commercial paper market. C. the reduced risk of borrowers' defaulting on mortgage loans. D. the demands of regulators.