In Figure 1.2, which labeled points represent the existence of unemployment? 
A. only A
B. only B and C
C. only D
D. A, B, and C
Answer: A
You might also like to view...
When the Fed embarked on a policy known as quantitative easing, they
A) reduced the required reserve ratio by one-quarter point per month for 12 months. B) bought longer-term securities than are usually bought in open market operations. C) opened up lending to primary dealers, commercial banks, and investment banks. D) slowly lowered the federal funds rate target until it was equal to zero.
The incentive to work is an ingredient of the negative income tax because
a. if families do work, they will be eliminated from the program b. if families don't work, they will be eliminated from the program c. the more income earned in the workplace, the higher the family's after-tax income d. the more income earned in the workplace, the higher the payment from the government e. the amount earned in the workplace is not subject to income taxes
Along the inelastic portion of a demand curve, the
a. change in price will always be less than the change in quantity demanded. b. percentage change in price will be less than the percentage change in quantity demanded. c. change in price will always be more than the change in quantity demanded. d. percentage change in price will be more than the percentage change in quantity demanded.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.