Which of the following is an in-kind transfer payment?
a. Medicaid
b. Social Security
c. workers' compensation
d. unemployment insurance
e. Temporary Assistance to Needy Families
A
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Which of the following decreases the natural unemployment rate?
A) higher oil prices B) a recession C) a decrease in aggregate demand so that fewer workers are needed D) many young people entering the labor force E) rapid technological change that increases the demand for labor
If the price level last year was 220 and this year is 250, what is the inflation rate between the two years?
A) 30 percent B) 13.6 percent C) 12.2 percent D) 20 percent
Average weekly claims for unemployment insurance, money supply and the index of stock prices are all examples of
A) leading indicators. B) coincident indicators. C) lagging indicators. D) None of the above
A nation that protects its workers from unemployment by limiting the use (by employers) of technological improvements will
a. grow more rapidly because the rate of unemployment will be lower. b. grow more rapidly because investors prefer a stable business environment rather than the uncertainties that accompany technological change. c. grow less rapidly because technological change is an important factor contributing to the growth of output. d. grow just as much as nations that adopt more rapidly technological improvements.