When the demand for automobiles falls, the demand for autoworkers
A. rises.
B. falls.
C. may rise or fall.
B. falls.
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Which of the following is true of cyclical unemployment?
A) Cyclical unemployment increases during periods of economic boom. B) Cyclical unemployment is the deviation of unemployment from its natural rate. C) Cyclical unemployment is also known as frictional unemployment. D) Cyclical unemployment decreases during periods of economic boom.
Which of these is an example of a good with elastic supply?
a) large hand-made rugs b) plums c) sandwiches d) passenger airplanes
When a currency is described as overvalued, this typically implies:
A. the exchange rate is higher than one year previous. B. it is overvalued relative to the exchange rate set by the nation's central bank. C. its current market value is higher than the value that is thought to be consistent with purchasing power parity. D. it is selling at an exchange rate less than one.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary