Which of the following statements best describes the "jobless recovery" after the Great Recession?
A. output begins rising without reducing the unemployment rate.
B. output cannot begin rising due to the lack of available labor.
C. new technology is replacing most of the jobs in the economy.
D. during the recession the business began importing most of the products they sell.
A. output begins rising without reducing the unemployment rate.
You might also like to view...
In the United States, the powers of eminent domain are put forth in the Fifth Amendment to the Constitution
Indicate whether the statement is true or false
Which of the following about corporations is TRUE?
A) The cost of capital and labor is high relative to that paid by a proprietorship. B) Profits are taxed only once as the owners' income. C) The owners' entire wealth is at risk. D) Corporations' profits are taxed independently of their owners' incomes.
Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:
a. aggregate demand will decrease. b. aggregate demand will increase. c. long-run aggregate supply will increase. d. long-run aggregate supply will decrease.
The balanced budget multiplier has a range from zero to 1
Indicate whether the statement is true or false