Workers at an automobile firm are laid off because the economy is weak and the demand for automobile has fallen. This is an example of _____
a. cyclical unemployment
b. structural unemployment
c. frictional unemployment
d. seasonal unemployment
a
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If a firm operating in a perfectly competitive industry is confronted with an equilibrium market price of $5, its marginal revenue
A. will be greater than $5. B. will also be $5. C. will be less than $5. D. may be either greater or less than $5.
A federal budget deficit is financed by the
A. private sector's investment spending. B. government purchase of Treasury securities. C. government issuance or sale of Treasury securities. D. nation's exports.
Assuming all else equal, if households are pessimistic about their future income, it is likely to cause a(n):
A) upward movement along their credit demand curve. B) rightward shift of their credit demand curve. C) downward movement along their credit demand curve. D) leftward shift of their credit demand curve.
Which of the following statements is correct?
A) An increase in the money wage rate shifts the aggregate demand curve leftward. B) An increase in the price level shifts the aggregate demand curve leftward. C) An increase in the price level shifts the aggregate demand curve rightward. D) An increase in the quantity of the money shifts the aggregate demand curve rightward. E) An increase in the real interest rate shifts the aggregate demand curve rightward.