The increase in unemployment associated with a recession is called:
a. structural unemployment.
b. frictional unemployment.
c. discouraged unemployment.
d. cyclical unemployment.
e. temporary unemployment.
d
You might also like to view...
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
A continuing increase in the growth of the money supply is likely followed by
A) a recession. B) a depression. C) an increase in the price level. D) no change in the economy.
Profit maximization requires that
A) the marginal factor cost of every input equals that input's marginal physical product. B) the marginal factor cost of every input equals that input's marginal revenue product. C) the amount of one input hired divided by the amount of another input hired equals the total costs of the first input hired divided by the total costs of the second input. D) equal amounts of each input are employed.
From 1970 to 2000, relative to other sectors of GDP, net exports were
A. negative and large. B. negative and small. C. positive and large. D. positive and small.