The major cause of a 3-4% increase in unemployment over a short time period is likely to be a structural unemployment change
Indicate whether the statement is true or false
F
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If the government has no debt initially, but then has annual revenues of $10 billion per year for 4 years and annual expenditures of $10.5 billion per year for 4 years, then the government has
A) a budget surplus of $0.5 billion per year and a debt of $2 billion at the end of the 4 years. B) a budget deficit of $0.5 billion per year and a debt of $2 billion at the end of the 4 years. C) a budget surplus of $0.5 billion per year and a surplus of $2 billion at the end of the 4 years. D) a budget deficit of $0.5 billion per year and a budget surplus of $2 billion at the end of the 4 years.
If a person who generates a negative externality incorporates into his or her private cost-benefit calculations the effects that this externality will have on third parties, the externality has been
A. substituted. B. accommodated. C. compounded. D. internalized.
Refer to Figure 12.1. An increase in government spending financed with external debt would move the economy's potential consumption from point
A. C to point A. B. C to point E. C. A to point I. D. B to point A.
A decrease in Americans' preference for foreign goods will lead to the following in the foreign exchange market:
A. an increase in the demand for dollars. B. a depreciation of the dollar relative to foreign currencies. C. a movement down the demand curve for dollars. D. a decrease in the supply of dollars.