Long-run unemployment arises from a single problem that has a single solution
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Moving upward along the short-run aggregate supply curve results in a ________ in the price level and ________ in real GDP
A) rise; an increase B) rise; a decrease C) fall; an increase D) fall; a decrease
Under perfect competition the price of a depletable resource whose cost of extraction is not changing must rise at
a. the same rate as the increase in GDP. b. the same rate as the increase in consumer prices. c. the same rate as the rate of interest. d. a rate higher than the increase in the rate of interest.
Karl Marx believed in which of the following?
A. Controlling political power was more important than controlling the ownership of capital with respect to dominating a society. B. In capitalist societies, a business owner makes huge profits by raising workers wages. C. Whoever controlled a society's labor supply controlled that society. D. Inevitably there would be a clash between capitalists and workers.
Taxing interest, dividends, and estates ______ the cost of saving versus consumption.
a. equalizes b. decreases c. increases d. eliminates