Structural unemployment is a variation in unemployment caused by:
a. individuals lacking skills valued by the labor market.
b. people changing jobs within the economy.
c. seasonal changes in the weather such as the temperature getting hotter.
d. organizational structural changes.
a. individuals lacking skills valued by the labor market.
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Suppose the typical household holds $1,000 when the interest rate is 5 percent. When the interest rate rises to 6 percent, the typical household would most likely hold
A) more money because the opportunity cost of holding money is higher. B) less money because the opportunity cost of holding money is lower. C) less money because the opportunity cost of holding money is higher. D) more money because the opportunity cost of holding money is lower.
Professor Gordon posits that the best years of U.S. growth are behind us because of four "headwinds," which are:
a. lackluster growth and poverty b. demographids and education c. debt and inequality d. a and b only e. b and c only
In theory, fiscal policy should:
A. increase aggregate demand in bad times and pay off the bill in good times. B. increase aggregate demand in bad times and increase aggregate supply in good times. C. reduce aggregate demand in bad times and take the profits in the good times. D. increase aggregate demand in bad times and increase inflation in good times.
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is:
A. $400. B. $1,600. C. $160. D. $85.