Which of the following people is most likely to be structurally unemployed?
a. Brendan left his job as a short-order cook in New Jersey to become a short-order cook in Madrid, New Mexico. He was unemployed for six weeks during the transition.
b. Mildred quit her job after giving birth to a child.
c. Clem, a skilled corset maker, lost his job when his factory shut down due to a permanent reduction in the demand for corsets.
d. Danielle lost her job when the electronics assembly plant was shut down temporarily due to low product sales in a slumping economy.
c
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In the short run, ________ determines output, and in the long run ________ determines output.
A. total spending; potential output B. potential output; total spending C. total spending; prices D. potential output; prices
Assume the players in a game have reached a Nash equilibrium. It is then reasonable to assume that each player has chosen its dominant strategy
Indicate whether the statement is true or false
How does the shape of the aggregate supply curve affect macroeconomic analysis and policy making? Illustrate your answer with the appropriate graphs
One purpose of patents is to ______ invention.
a. encourage b. discourage c. replace d. advertise