Many extended periods of high actual unemployment above the natural rate have been the result of
A) deliberate government anti-inflationary policy.
B) high job turnover.
C) mismatches in the labor market.
D) unemployment compensation.
A
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The largest component of aggregate expenditure is _____
a. government purchases b. transfer payments c. imports d. consumption e. investment
When the economy is operating below full-employment capacity, a recessionary gap is said to exist
Indicate whether the statement is true or false
Consider Figure 12.3. Which of the following statements is true?
A. Both David and Becky have a dominant strategy. B. Neither David nor Becky has a dominant strategy. C. David has a dominant strategy but Becky does not. D. Becky has a dominant strategy but David does not.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.