Unemployment caused by the normal labor turnover is called ________ unemployment
A) part-time
B) frictional
C) involuntary
D) cyclical
B
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In order to help the economy recover from a recession using fiscal policy, the government can ________ so that aggregate demand increases
A) cut taxes B) raise taxes C) cut government expenditure on goods and services D) raise interest rates E) decrease the quantity of money
Which of the following is true of the General Agreement on Tariffs and Trade (GATT)?
a. It is now called the World Agreement on Trade and Tariffs. b. It was the global trade agreement that did away with the gold standard. c. It was a policy of the United States to raise tariffs on imported sugar. d. It was the first global trade agreement that followed World War II. e. It was a global trade agreement to raise tariffs.
In general, __________ a higher rate of return for a given level of risk than ____________ can offer.
A. a portfolio has; individual assets B. individual assets have; a portfolio C. a portfolio has; any other type of saving D. any other type of saving has; a portfolio
When the prevailing market wage is above equilibrium:
A. the difference between the quantity supplied and the quantity of labor demanded is unemployment. B. the surplus of labor is the amount of unemployment in the market. C. unemployment occurs. D. All of these are true.