A macroeconomist compares the unemployment and job vacancy statistics for the previous year and notes that both unemployment and job vacancies have risen to high levels. What conclusion should she draw?
a. The problem will likely resolve itself as the unemployed workers fill the job vacancies.
b. Businesses are likely having trouble finding workers with the right skill sets.
c. The economy is growing at such an astounding rate, frictional unemployment is likely
out of control.
d. The economy is likely entering a recession as businesses are refusing to hire
workers.
b. Businesses are likely having trouble finding workers with the right skill sets.
You might also like to view...
Refer to Scenario 5 . What will be the effect on total revenue for Audio Haven if it raises the price for DVD players?
What will be an ideal response?
In a two-period model, as long as wealth effects are small, an increase in the world real interest rate
A) increases consumption and increases the current account surplus. B) increases consumption and decreases the current account surplus. C) decreases consumption and increases the current account surplus. D) decreases consumption and decreases the current account surplus.
Which of the following statements about nominal interest and real interest is true?
A. Nominal interest is a yearly rate and real interest is a monthly rate. B. Nominal interest does not adjust for inflation, whereas real interest does. C. Nominal interest is what the lender receives and real interest is what the borrower pays. D. Nominal interest and real interest are two ways of saying the same thing.
Journey Motorcycles produced 100 motorcycles using 50 workers who each worked 8 hours a day. Journey's productivity was 1/4
a. True b. False Indicate whether the statement is true or false