What is the best description of unemployment insurance benefits in the United States?
A. All unemployed workers receive the same wage-adjusted benefit regardless of what state they live in.
B. All unemployed workers receive the same benefit regardless of what their previous job was.
C. Unemployment benefits are based on family size and age.
D. The dollar value of unemployment benefits is greater for low-wage workers than for high-wage workers.
E. Unemployment benefits are a greater percentage of previous earnings for low-wage workers than for high-wage workers.
Answer: E
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"An increase in Mexican income decreases aggregate demand in the United States." Is the preceding statement correct or incorrect? Briefly explain your answer
What will be an ideal response?
How sensitive is the structural deficit to the state of the economy?
a. It is insensitive to the state of the economy. b. The structural deficit changes cyclically with the economy. c. Changes in the structural deficit trigger opposite swings in the economy. d. The structural deficit changes countercyclically with the economy.
The position of the SRAS curve depends on:
A. the expected rate of inflation. B. the actual rate of inflation. C. the rate of nominal GDP growth. D. the long-run real growth rate.
Planned investment may differ from actual investment because of:
A. unplanned changes in inventories. B. changes in government purchases and net exports. C. the marginal propensity to consume. D. fluctuations in preset prices.