Holding other factors constant, the increase in the prison population over the past 30 years in the United States has likely
A) decreased structural plus frictional unemployment.
B) increased cyclical unemployment declined.
C) decreased cyclical unemployment increased.
D) increased the natural rate of unemployment.
A
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An decrease in quantity supplied is represented by a leftward shift of the supply curve
Indicate whether the statement is true or false
The Phillips curve shows a negative relationship between the:
a. consumption rate and the unemployment rate. b. savings rate and the inflation rate. c. interest rate and the savings rate. d. inflation rate and the unemployment
The relative wage coordination argument points out that:
a. workers who are confronted with the possibility of a wage cut will worry about finding themselves worse off—both in absolute terms and relative to other workers who have seen their wages preserved. b. reducing wages for all workers during poor business conditions will cause the best workers with the best employment alternatives at other firms to leave, while the least attractive workers, with fewer employment alternatives, are more likely to stay. c. the productivity of workers will increase if they are paid more, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate. d. employers will try to keep wages from falling when the economy is weak or the business is having trouble, and employees will not expect huge salary increases when the economy or the business is strong.
For a country in recession
A. an increase in exports will increase aggregate demand and output B. an decrease in exports will increase aggregate demand and output C. an increase in imports will increase aggregate demand and output D. none of the above