If the official unemployment rate increases from December to January because the Christmas season is over, we can conclude that _____ is responsible for the increase
a. seasonal unemployment
b. cyclical unemployment
c. structural unemployment
d. frictional unemployment
e. underemployment
a
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Refer to the figure above. If the capital stock is fixed at $300, what is the GDP in the economy?
A) $7,000 B) $6,000 C) $5,000 D) $4,000
A foreign bank receives a deposit of $10,000 from a U.S. citizen. As a result, there is a net capital outflow from the U.S., if ________
A) the bank buys a U.S.-made computer B) the bank buys a bond issued by a U.S. company C) the bank keeps the $10,000 in a vault D) all of the above E) none of the above
The demand for Exxon gasoline is ____ the demand for all gasoline
a. exactly as elastic as, and of a different slope from b. more elastic than c. less elastic than d. exactly as elastic and of a different slope from
A technological advance that increases the marginal product of labor shifts the labor- ________ curve to the ________.
a. demand, left b. supply, left c. demand, right d. supply, right