Which of the following is not considered an automatic stabilizer?
a. Food stamp program for people with low incomes
b. Welfare program for families with dependent children
c. Medicaid, a health program for the poor
d. Financial assistance for disabled people
e. Unemployment programs that pay benefits to those who lose their jobs
D
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Why is there NO persistent unemployment in the classical model?
A) Unionization creates job security for workers. B) The wage level adjusts to eliminate unemployment. C) The interest rate adjusts to eliminate unemployment. D) The rate of economic growth is always high enough to allow those who want to work at current wages to find jobs.
The tendency of many economic variables to move together in a predictable way over the business cycle is called
A) recurrence. B) persistence. C) comovement. D) inflation.
Which of the following are steps in ABC classification (i.e., applying Pareto's Law)?
a. Classify companies by sales b. Provide stewardship for each customer c. Modify classifications based on strategic issues d. Restructure companies based on size e. Both A and C
If the real GDP of a DVC increases from $600 billion to $630 billion and its population increases from 200 million to 216 million, its real per capita GDP will have:
A. increased by about $83. B. decreased by about $83. C. remained unchanged. D. decreased by about $19.