Which of the following is a microeconomic problem?
a. frictional unemployment.
b. structural unemployment.
c. cyclical unemployment.
d. natural unemployment.
e. inflation.
B
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If mortgage brokers do not make a strong effort to evaluate whether the borrower can pay off a loan, this creates a
A) severe adverse selection problem. B) decline in mortgage applications. C) call to deregulate the industry. D) decrease in the demand for houses.
If C+I+G>Y, then net exports and net capital outflow are both greater than zero
a. True b. False Indicate whether the statement is true or false
The difference between savings and saving
A. is called money illusion. B. is that savings occurs when consumption does not and saving is used to purchase consumption goods. C. is that savings is measured in real terms while saving is measured in nominal terms. D. is that savings is a stock concept and saving is a flow concept.
Critics of real business cycle theory doubt the plausibility of ________
A) intertemporal substitution B) negative productivity shocks C) adaptive expectations D) a trade-off between work and leisure