Does the term "mandatory spending" mean that spending must go on forever?
A) Yes, Congress has no right to change these spending programs.
B) Yes, the laws which authorized this spending cannot be changed.
C) No, once appropriated, spending is for the life of the program only or until it changes.
D) Yes, once appropriated, spending is indefinite.
C
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NPR ("Certain Green Industries Have Job Openings", November 12, 2008 ) reported on a story about wind turbine manufacturers in Ohio having trouble finding skilled workers
The report noted that as a result tens of thousands of people having been laid off, there is "a huge pool of job-seekers." The firms claim to "offer good pay and benefits." A representative from the United Steelworkers claims that their union members have easily transferrable skills, but the pay is too low, around $30,000 annually. A manager at Apollo Alliance says that workers in the new industry need different skills than those in the old steel industry. The type of unemployment described in the story is ________ unemployment. A) cyclical B) structural C) frictional D) efficiency wage
According to growth accounting estimates, during the 1929-1982 period, increases in capital and labor account for about ______ of total growth
a. 0 percent. b. 25 percent. c. 50 percent. d. 90 percent. e. none of the above.
Which of the following would help to avert a healthcare crisis?
a. requiring employers to pick up 100 percent of the healthcare costs for their employees b. discouraging medical savings accounts since these provide additional funds for medical care, and therefore, they are likely to drive up medical prices c. discouraging the purchase of health insurance plans with small co-payments d. structural changes that would increase the competitiveness of the health insurance and medical services markets
Which of the following would be associated with an inflationary gap?
A. Interest rates too low B. Business expectations pessimistic C. Inventory levels too low D. Stock market crash E. Inventory levels are too high