An example of structural unemployment is a(n):
a. textile worker who quits one job and waits for the new job to begin.
b. engineer permanently laid off due to advances in technology.
c. computer programmer who becomes rich and leaves the labor force.
d. All of these.
b
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Differences in the stock of human capital between nations are an example of a(n):
A) proximate cause of prosperity. B) implicit cause of prosperity. C) explicit cause of prosperity. D) fundamental cause of prosperity.
Compare the effect on the price level and real GDP of a decrease in tax rates assuming a supply-side effect versus no supply-side effect
Compared to no supply-side effect, including a supply-side effect for the decrease in tax rates will cause the price level to increase ________ and real GDP to increase ________. A) more; less B) less; less C) more; more D) less; more
In the 1980s, the United States on net ________ foreign nations so that its private firms could absorb through domestic investment ________ goods than what was being left for them by national saving
A) borrowed from, more B) borrowed from, fewer C) lent to, more D) lent to, fewer
If Diet Pepsi and Diet Coke are substitutes than an increase in the price of Diet Pepsi will cause a decrease in demand for Diet Coke
a. True b. False Indicate whether the statement is true or false