The best example of a frictionally unemployed individual is
A) Charles who has lost his job as an autoworker because of increased imports and can't find a good job that utilizes his skills.
B) Mary who quit her job to find work closer to her home.
C) Sam who lost his job as a real estate salesperson when the housing market went soft because of a recession.
D) Sandy who has few skills and is no longer looking for work.
B
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________ adopts the view that aggregate fluctuations are a natural consequence of an expanding economy
A) The new macroeconomics B) The Okun Gap C) Keynesian economics D) The Lucas Wedge E) Classical macroeconomics
To limit political influence on Fed policy, the terms of the Fed Board of Governors are staggered so that one new appointment is made every four years to coincide with the presidential elections
Indicate whether the statement is true or false
In general, as a person includes fewer stocks and more bonds in his portfolio,
a. both risk and expected return rise. b. risk rises but expected return falls. c. risk falls, but expected return rises. d. both risk and expected return fall.
If a country had a trade deficit of $20 billion and then its exports rose by $7 billion and its imports fell by $10 billion, its net exports would now be
a. $37 billion b. $3 billion c. -$3 billion d. -$37 billion