What is structural unemployment?
What will be an ideal response?
Structural unemployment is unemployment that occurs as the economy evolves, and reflects a mismatch of skills and jobs.
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A central bank like the Federal Reserve in the United States can help banks survive a bank run by
A) raising the discount rate. B) acting as a lender of last resort. C) printing money. D) increasing the required reserve ratio.
Cambridge Corporation sold buildings and a machine for cash. Indicate which section, if any, this transaction would appear in, or relate to, on a statement of cash flows.
A. Operating activities section B. Investing activities section C. Financing activities section D. Does not appear on cash flow statement
Increases in government spending result in ________ in the short run, and permanent increases in government spending result in ________ in the long run
A) partial crowding out; partial crowding out B) partial crowding out; complete crowding out C) complete crowding out; complete crowding out D) complete crowding out; partial crowding out
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline