The prime objective of an industrial policy for any country is to secure leading global role for selected domestic industries
Indicate whether the statement is true or false
true
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Inflation tends to ________ during a business cycle expansion and ________ during a business cycle recession
A) increase; decrease B) decrease; increase C) increase; increase further D) decrease; decrease further
According to Friedman, changes in the level of aggregate demand
a. are dominated by changes in the supply of money. b. cause the levels of output and employment to deviate from their natural rate for short periods of time. c. can cause movements of the economy away from the natural rate for at least 2 years. d. are dominated by changes in the demand for money. e. Both a and b.
Which of the following might increase the supply curve of labor?
a. Elimination of discrimination against blacks. b. Elimination of discrimination against females. c. Easing licensing requirements. d. All of these.
Michael lost his job as a night security guard because he kept falling asleep at the job. Now he is looking for a new job. Michael is
A) frictionally unemployed. B) not unemployed. C) structurally unemployed. D) cyclically unemployed. E) none of the above.