When the unemployment rate rises, college enrollment increases because workers seek to expand training. This is an example of:
A. macroeconomics.
B. correlation and causation.
C. normative economics.
D. a negative correlation.
Answer: B
You might also like to view...
If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will:
A. decrease the quantity demanded. B. lead the quantity demanded to fall to zero. C. increase the quantity demanded. D. not change the quantity demanded.
The aggregate demand curve shows total expenditures at different levels of national income
Indicate whether the statement is true or false
Residents of the developing American colonies lived _______ lives compared to people living in the advanced countries of that time because ________
a. better; of favorable protections from England b. better; of high levels of output per worker. c. worse; of unfavorable taxation d. worse; of the inaccessibility of both capital and finished machine goods.
A policy is time consistent when:
A. the timing of a policy is irrelevant. B. policymakers have incentives to make policy decisions in a time-sensitive fashion. C. policymakers consider the future when making current policies. D. policymakers have incentives to adhere to a policy decision made today, in the future.