A person who has lost his or her job because it is now performed by a robot is structurally unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal benefit of a worker to a firm is the value of the extra output that results when
A) work is outsourced to a foreign country. B) workers get paid for working overtime. C) some workers are laid off and the remaining workers become more productive. D) an additional worker is hired.
According to the quantity theory of money, inflation causes an increase in the money supply
Indicate whether the statement is true or false
Is the monetary policy reaction curve applicable only to central banks that have an explicit inflation target? Explain.
What will be an ideal response?
If a country signs a trade agreement so that employment in some industries rises and employment in some industries fall, then
a. structual unemployment rises temporarily. b. structural unemployment rises permananently. c. frictional unemployment rises temporarily. d. frictional unemployment rises permanently.