Unemployment that occurs when there is deficient demand for the goods and services of an economy is called
A. structural unemployment.
B. frictional unemployment.
C. cyclical unemployment.
D. natural unemployment.
Answer: C
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In the United States, the Lorenz curve for wealth is ________ from the 45-degree line than is the Lorenz curve for income, which means that the distribution of wealth is more ________ than the distribution of income
A) farther away from; unequal B) farther away from; equal C) closer to; unequal D) closer to; equal
An example of fiscal policy would be government:
A. increasing the amount of available educational grants. B. decreasing the income tax. C. increasing corporate income taxes. D. increasing money supply.
When outcomes are uncertain
A) people always look for the sure thing. B) people are willing to pay risk premiums. C) people often need to be paid a risk premium before they take a certain course. D) none of these choices.
If stock prices go up and people feel richer, aggregate demand will
What will be an ideal response?