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.
a
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What effects does operating in an open economy add to expansionary monetary policy? To contractionary monetary policy?
Along a supply curve,
a. supply changes as price changes. b. quantity supplied changes as price changes. c. supply changes as technology changes. d. quantity supplied changes as technology changes.
Specialization in goods and services one can produce at a low cost makes it possible for trading partners to produce a larger joint output. This is called
What will be an ideal response?
How does the demand curve for an oligopoly firm differ from the demand curves for firms in competitive market structures?
What will be an ideal response?