Unemployment that is of a short duration to allow a person time to find a new job is
frictional unemployment
You might also like to view...
During 2013, a country's total purchases of newly produced capital goods are $1,000 billion, the country issues $750 billion of stock certificates, and there is $200 billion of depreciation. Net investment in this country equals
A) $550 billion. B) $1,000 billion. C) $1,550 billion. D) $1,750 billion. E) $800 billion.
In the case of a negative externality, the government can use a ________________ to turn an inefficient outcome into an efficient one. In the case of a positive externality, the government can use a ________________ to turn an inefficient outcome into an efficient one.
A. tax; subsidy B. subsidy; tax C. tax; tax D. subsidy; subsidy
The marginal propensity to consume (mpc) can be defined as the fraction of
A) a change in income that is spent. B) a change in income that is saved. C) income that is spent. D) income that is saved.
Which of the following describes a moral hazard problem?
A. a contractual problem that results because monopolies exist in all economies B. a post-contractual problem that may result because participants to the exchange process have information that allows them to act in an opportunistic manner C. a process by which individuals have substantial resources devoted to the exchange process and need to make a profit or they will be adversely affected D. a process by which individual buyers or sellers with better information are more likely to participate in voluntary exchange