Government purchases have the same multiplier effect as business investment spending
a. True
b. False
Indicate whether the statement is true or false
True
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Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.
In the United States in 2014, the percentage of people that directly purchased an individual or family health insurance policy from an insurance company was about
A) 2%. B) 15%. C) 17%. D) 26%.
Prior to World War I, the U.S. government's attitude towards labor unions was one of
A) indifference. B) support. C) hostility. D) support, except when it came to unions of public employees.
Does the existence of unemployment insurance eliminate the economic costs of unemployment?
What will be an ideal response?