Which of the following offers an example of structural unemployment?
A. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation.
B. The rise in unemployment among farm workers after harvest.
C. The unemployment associated with workers changing jobs.
D. The increase in unemployment during recessions.
Answer: A
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A decrease in the cost of production will shift the supply curve down and to the right
Indicate whether the statement is true or false
Who owns the Fed?
a. The federal government. b. The states. c. The District Federal Reserve Banks. d. All banks. e. Member banks.
The type of banking system under which banks are required to hold only a portion of their assets in reserve against the checking deposits of their customers is called
a. a gold-backed banking system. b. a full reserve banking system. c. a fiat banking system. d. a fractional reserve banking system.
An indifference curve shows
A. the combinations of goods that generate the same ratio of marginal utilities. B. the set of consumption alternatives that yield the same amount of total utility. C. the set of consumption alternatives that yield the same amount of marginal utility. D. the combinations of goods that a consumer does not like very much.