Unemployment due to the normal processes of quitting and searching for jobs is called ________ unemployment

A) turnover
B) mismatch
C) cyclical
D) natural


A

Economics

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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline

Economics

Why does a rent ceiling create an inefficient and unfair outcome in the housing market?

What will be an ideal response?

Economics

What would best characterize the relationship between corn prices, wheat prices and the public sale of western land (OH, IL, IN, MI, IA, WI, MO) between 1815-1860?

a. All three were very positively correlated. b. Land sales increased first, which drew people to move and produce more crops, which increased the crop prices. c. As land sales increased, corn prices increased and wheat prices decreased as farmers substituted from wheat to corn. d. Land sales were negatively related to both the wheat and corn prices.

Economics

"Lower marginal tax rates encourage people to work, save, and invest, resulting in more output and a larger tax base." This statement most closely reflects which of the following schools of economic thought?

a. Keynesian. b. Adam Smithian. c. Aggregate demandian. d. Supply-side economics.

Economics