A worker who loses his or her job as a consequence of a decline in aggregate demand in the economy is experiencing:
a. disguised unemployment.
b. underemployment.
c. cyclical unemployment.
d. frictional unemployment.
e. seasonal unemployment.
c
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When a tax on output is imposed to internalize the external costs of pollution, the supply curve shifts down by the amount of the tax
Indicate whether the statement is true or false
Which of the following is NOT true of a fixed payment loan?
A) The borrower is required to make regular periodic payments to the lender. B) The payments made by the borrower include both interest and principal. C) The borrower is left with a substantial unpaid principal at the maturity of the loan. D) A home mortgage is an example of fixed payment loan.
For those eligible, unemployment insurance benefits are available for at least 26 weeks
Indicate whether the statement is true or false
Factors increasing the U.S. labor supply and thereby contributing to the slowdown in real-wage growth that began in the 1970s include ________ and ________.
A. technological progress; diminishing returns to labor B. skill-biased technological change; globalization C. increased labor force participation by women; the coming-of-age of the baby-boom generation D. increasing wage inequality; globalization