Some economists argue that the recent relatively high rate of unemployment has resulted in part from the fact that a part of the workforce has not made the adjustment to new technologies
Indicate whether the statement is true or false
True
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A change in government spending can close an expansionary gap by shifting the short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Of the following countries, which has the most equal distribution of income? United States, Brazil, Mexico, China, Japan, Germany, United Kingdom, Russia
After increasing at more than 2 percent per year between 1950 and 1973, the growth rate of average labor productivity ________ between 1973 and 1995, and ________ between 1996 to 2007.
A. slowed; picked up B. speeded up; accelerated even more C. slowed; decreased even more D. speeded up; slowed
In the early 1930s, President Hoover told Americans that prosperity was just "around the corner." He was expressing the views of ______ economic theory.
A. Keynesian B. demand-side C. classical D. supply-side