Auto and steel workers commonly experience this type of unemployment in a recession
A) frictional unemployment
B) cyclical unemployment
C) structural unemployment
D) natural unemployment rate
B
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When households' marginal propensity to consume (MPC) increases, the size of the spending multiplier:
a. also increases. b. decreases. c. remains unchanged. d. reacts unpredictably.
In a society, if negotiation among parties leads to a politically unsatisfactory distribution of income:
a. the legislature can enact laws to redistribute this income. b. the society can on its own reallocate resources to bring about a politically satisfactory outcome. c. the parties will renegotiate until they reach a politically satisfactory outcome. d. the parties will refuse to carry out future transactions.
If the quantity of euro demanded were greater than the quantity supplied, then the price of the
a. euro would rise. b. euro would fall. c. dollar would rise. d. euro would be in equilibrium.
The net result of deflation is to:
A. increase consumption and decrease investment, increasing aggregate demand overall. B. decrease consumption and increase investment, decreasing aggregate demand overall. C. decrease consumption and investment, decreasing aggregate demand. D. increase consumption and investment, increasing aggregate demand.