A worker who loses a job at a call center because business firms switch the call center to another country is an example of:
a. Cyclical unemployment
b. Frictional unemployment
c. Disguised unemployment
d. Structural unemployment
d. Structural unemployment
You might also like to view...
A market survey conducted by an electronics manufacturer reported a year on year growth in the sale of television sets, along with an increase in the selling price. Which of the following could be a likely cause for this situation?
a. A decrease in supply b. An increase in demand c. A decrease in demand d. An exception to the law of demand e. An increase in supply
If the government decides to spend an extra $4 billion on fighter jets that they would otherwise have spent on computers, and the MPC = 0.75, what is the effect on AD?
a. AD increases by $20 billion. b. AD increases by $16 billion. c. AD increases by $4 billion. d. AD does not change.
Which of the following is a definition of velocity?
a. Velocity = value of final goods and services produced/money supply b. Velocity = real GDP/M c. Velocity = nominal GDP/real GDP d. Velocity = (P Q)/(M V)
Opponents of the Taylor rule argue that it implies more advanced knowledge about the economy than is potentially feasible
a. True b. False