Structural unemployment results when the number of jobs is insufficient for the number of workers
a. True
b. False
Indicate whether the statement is true or false
True
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An increase in the nominal interest rate leads to
A) a movement upward along the demand for money curve. B) a rightward shift in the demand for money curve. C) neither a shift in nor a movement along the demand for money curve. D) a movement downward along the demand for money curve. E) a leftward shift in the demand for money curve.
In analyzing recessions, Keynes' view was that
A. the economy may eventually recover by itself, but it takes too long. B. the government could stimulate aggregate purchases by reducing the budget deficit. C. the economy will never recover because wages and prices will never adjust downward. D. any cyclical unemployment will be short-lived, and thus there is no need for increased government spending.
Which of the following affects a person's decision to work?
A. the price of consumption goods relative to the wage B. how much the person enjoys working C. the person's income from nonlabor sources D. the amount of fringe benefits offered to the person E. All of the above affect a person's decision to work.
Between 1960 and 1973 the poverty rate ___; between 1973 and 1983 the poverty rate ___.
A. rose; rose B. fell; fell C. rose; fell D. fell; rose