A decrease in the unemployment rate will shift the PPF outward from the origin
a. True
b. False
Indicate whether the statement is true or false
False
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What does NOT occur in a fully employed economy?
A. Cyclical unemployment B. Discouraged workers C. Frictional unemployment D. Structural unemployment
If demand increases and the price doesn't change, there will be
A. neither a shortage nor a surplus. B. both a shortage and a surplus. C. a surplus. D. a shortage.
The Keynesian analysis of fiscal policy argues that:
a. fiscal policy should generally be expansionary except during periods of economic recession. b. fiscal policy should generally be restrictive except during inflationary booms. c. the federal budget should be balanced annually except during war. d. the federal budget should be used to maintain aggregate demand at a level consistent with full employment.
When a country allows trade and becomes an importer of a good,
a. both domestic producers and domestic consumers become better off. b. domestic producers become better off, and domestic consumers become worse off. c. domestic producers become worse off, and domestic consumers become better off. d. both domestic producers and domestic consumers become worse off.