Unemployment can be caused by downswings in the business cycle, people changing jobs, different skills needed by employers, or seasonal fluctuations in demand
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In games without dominant strategies the Nash equilibrium can be found by using:
a. the cooperation vs. grim trigger strategy. b. the chain-store paradox. c. the principle of backward induction. d. the method of iterated elimination of dominated strategies.
A major factor contributing to the recession of 1981-1982 was
A. an increase in interest rates. B. an increase in exports. C. the multiplier effect. D. an increase in unemployment.
Inventories rise when
A. Actual demand for output is more than expected B. Actual demand for output is less than expected C. Actual supply of output is less than expected D. Actual demand for output is about the same as expected
Financial capital is highly volatile, and technological advances have reinforced this volatility
Indicate whether the statement is true or false