Reducing ________ unemployment may be beneficial for an economy, but reducing ________ unemployment to zero would definitely reduce the efficiency of the economy
A) structural and frictional; cyclical
B) frictional and cyclical; structural
C) the natural rate of; cyclical
D) structural and cyclical; frictional
D
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Using equal amounts resources, country a can produce either 30 tons of mangoes or 10 tons of bananas, and country b can produce either 10 tons of mangoes/bananas. Which of the following is consisted w/ the info above
Federal government expenditures, as a percentage of GDP,
A) rose from 1950 to 1991, fell from 1992 to 2001, and have risen from 2001 to the present. B) rose from 1950 to 1980, fell from 1981 to 2001, and have risen from 2001 to the present. C) have fallen since the early 1950s to the present. D) rose from 1950 to 2001 and then fell from 2001 to the present. E) have risen since the early 1950s to the present.
Which of the following would be excluded from the gross domestic product (GDP)?
a. The mayor of a city hiring more workers to improve the sanitation of the city b. The sale of mobiles decreasing significantly c. The government reducing welfare benefits d. A homemaker spending $20 taking the family out to lunch instead of cooking food , e. A consumer having his pickup truck tuned up at the local garage
Recent studies on the effectiveness of fiscal policy tend to suggest that increases in government spending are more effective than tax cuts in stimulating real GDP
a. True b. False Indicate whether the statement is true or false