Cyclical unemployment
a. is caused by changes in the business cycle.
b. results from imperfect search activities in matching qualified employees with employers.
c. results from institutional factors that make it difficult for some workers to find jobs.
d. will probably go up as a result of improvements in online job searching.
A
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In the United States for the last 40 years, the nominal interest rate
A) and the real interest rate both decreased in almost every year. B) and the real interest rate were both constant in almost every year. C) was constant in most years and the real interest rate fluctuated. D) exceeded the real interest rate in virtually all the years. E) exceeded the real interest rate in about one half of the years and the real interest rate was greater than the nominal interest rate in the other half of the years.
Which of the following contributed to the emergence of hyperinflation in Germany in the early 1920s?
A) payment of massive war reparations required by the Versailles Peace Treaty B) huge budget deficits financed by printing paper money C) decreased desire to hold money on the part of the German people D) All of the above
Unequal outcomes are inherently unfair
Indicate whether the statement is true or false
Inequality between countries, in terms of differences in their average national incomes, has been:
A. increasing since the 1930s. B. decreasing over recent decades. C. decreasing since the 1930s. D. increasing over recent decades.