If a person is unemployed because their industry has moved to another country, economists refer to the person as
A. cyclically unemployed.
B. frictionally unemployed.
C. underemployed.
D. structurally unemployed.
Answer: D
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An investment tax credit ________
A) is designed to incentivize higher capital stock expenditures at any given interest rate B) may lead to increases in autonomous investment C) may put upward pressure on the interest rate D) all of the above E) none of the above
After a price decrease for good X, the new consumer equilibrium level of good X will be:
A. lower than before the price change. B. indeterminate without more information. C. the same as before the price change. D. higher than before the price change.
All of the following are private costs of operating an automobile EXCEPT
A) gasoline for the car. B) depreciation of the vehicle. C) car insurance. D) harm to the environment from emissions.
When people became ________ concerned with the underlying value of their houses and became ________ concerned with the expectations of the prices of their houses increasing, a housing bubble occurred
A) less; less B) less; more C) more; less D) more; more