A computerized job bank would be most effective in reducing _____ unemployment.
A. seasonal
B. frictional
C. cyclical
D. structural
B. frictional
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
In the foreign exchange market, how does each of the following influences affect the demand for dollars and the demand curve for dollars?
a) an increase in the exchange rate. b) an increase in the U.S. interest rate. c) a fall in the expected future exchange rate.
For a kinked demand curve, the marginal revenue curve is:
a. positively sloped. b. a horizontal line. c. a vertical line. d. discontinuous. e. above the demand curve.
The four phases of a business cycle, in order, are trough, depression, peak, and expansion
a. True b. False Indicate whether the statement is true or false