The term frictional unemployment refers to persons who are out of work

a. due to technological change.
b. due to strikes or lockouts.
c. and have given up looking for work.
d. because they are between jobs.


d

Economics

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Which of the following will shift the demand curve for milk?

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Which of the following is an example of technological progress?

A) the invention of the air conditioner B) the invention of LCD televisions C) an increase in corn output resulting from genetic engineering D) all of the above

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The Fed changes the reserve requirement sparingly because:

A. very small changes cause very large overall changes to money supply due to the money multiplier. B. it would cause uncertainty for banks and slow their rate of lending. C. sudden changes of such a huge magnitude would have far-reaching, and sometimes undesirable, effects. D. All of these are true.

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The SRAS curve is ____ with real output levels that ____

a. upward sloping; vary positively with the price level b. upward sloping; vary negatively with the price level c. vertical; are equal to the natural level of real output at all price levels d. vertical; can be either greater than or less than the natural level of real output

Economics