Unemployment caused by an imbalance between the skills possessed by workers and the skills demanded in labor markets is known as
a. structural unemployment.
b. imbalance unemployment.
c. frictional unemployment.
d. cyclical unemployment.
a. structural unemployment.
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The amount of time it takes for fiscal policy to have an impact on the economy creates:
A. an information lag. B. a formulation lag. C. an implementation lag. D. a direction lag.
Conditional cash transfer programs are programs in which:
A. financial support is given only to people who have paid into the program for a minimum amount of time. B. financial support is given only to people who engage in certain actions. C. financial support is given only to people who agree to pay it back at reduced interest to the government in the future. D. None of these is true.
If U.S. exports of goods and services exceed imports
A. GDP in the United States will be less than the sum of consumption, investment, and government purchases. B. GDP in the United States will exceed the sum of consumption, investment, and government purchases. C. net exports for the United States equals gross investment. D. net exports for the United States equals gross savings.