Unemployment that arises from a lack of skills is known as ________
A) seasonal unemployment
B) cyclical unemployment
C) discouraged unemployment
D) structural unemployment
D
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According to this Application, growth in China and India caused U.S. exports to increase. Because of this increase in U.S. exports, U.S. income will
A) increase by the same amount. B) increase by a larger amount. C) decrease by a larger amount. D) decrease by the same amount.
Average physical product measures the output per unit of input.
Answer the following statement true (T) or false (F)
Contractionary monetary policy causes a ________ the MP curve and a ________ the aggregate demand curve
A) movement to the right along; shift to the right of B) downward shift of; shift to the right of C) movement to the left along; movement up along D) upward shift of; shift to the left of
If the price of good X decreases, what will happen to the budget line?
A. It will have a parallel shift inward. B. It will have a parallel shift outward. C. It will become flatter. D. It will become steeper.