Which of the following is an example of cyclical unemployment?
A. Qadir is employed in the summer as a lifeguard but cannot find a position in the winter
B. Quincy left his job in Dallas to search for a new job in Idaho
C. Quinlan worked as an engineer until he was laid off because of a decrease in aggregate demand
D. Quinn has few job-related skills so she is never hired even though she continues to apply
C. Quinlan worked as an engineer until he was laid off because of a decrease in aggregate demand
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Fred and Wilma just had a baby girl and want to make sure they save enough in the future to send her to college. They begin to save in response to this ________ reason for saving.
A. bequest B. life-cycle C. precautionary D. private
Following Keynesian economics, and assuming a marginal propensity to consume (MPC) of 0.75, an increase in taxes of $100 billion would be expected to shift the aggregate demand curve by $300 billion to the left
a. True b. False Indicate whether the statement is true or false
Which of the following scenarios could be an example of increasing marginal utility?
a. A father buying three game CDs for his son. b. A shopkeeper selling the tenth unit of hamburger. c. A philatelist buying an additional stamp for collection. d. A consumer buying an additional unit of apple.
Educational attainment tends to be
a. low in countries with high population growth. b. low in countries with low population growth. c. high in countries with high population growth. d. None of the above are true.