Seasonal unemployment is
A. a result of the seasonal pattern of work in specific industries.
B. a result of business recessions that occur when aggregate demand is insufficient to create full employment.
C. due to the fact that workers must search for appropriate job offers.
D. a result of a poor match of worker's abilities and skills with current requirements of employers.
Answer: A
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Savers are willing to lend out money because:
A) they prefer to spend money in the future rather than today. B) the rate of inflation in an economy is normally positive. C) of altruism. D) the rate of inflation in an economy is normally negative.
Under a fixed exchange rate regime, a central bank that does not want to acquire international reserves to keep its currency from ________ will decide to ________ its currency
A) depreciating; revalue B) depreciating; devalue C) appreciating; revalue D) appreciating; devalue
Which of the following is true? a. Real GDP equals nominal GDP divided by the current price level index, times one hundred
b. In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth. c. In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising. d. Marrying one's housekeeper would leave reported GDP unchanged.
A completely successful emission charge would
A. Not shift either the private or social MC curve. B. Shift the private MC curve to the same position as the social MC curve. C. Shift the social MC curve to the same position as the private MC curve. D. Shift the private MC curve until the curve intersects with price at zero output and pollution is completely eliminated.