When an economics professor quits his/her job at a university and starts looking for a better job in another university, he/she is
A. structurally unemployed.
B. cyclically unemployed.
C. naturally unemployed.
D. frictionally unemployed.
Answer: D
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Refer to the above figure. The figure represents the consumption function for a consumer. Point C represents
A) autonomous consumption. B) positive saving. C) negative saving. D) zero saving.
Who runs the Federal Reserve System? Describe the organizational structure of the Fed
When inflation is much higher than expected, which of the following is true?
a. Nominal incomes are lower than expected. b. Real interest rates are higher than expected. c. Income is redistributed from those whose expenditures are fixed toward those who receive a fixed income. d. Nominal interest rates are lower than expected. e. Real interest rates are lower than expected.
Which of the following would not cause any kind of an outward shift of a nation's production possibilities curve [PPC]?
a. An improvement in the general level of education b. Technological innovation c. Discovery of a new source of energy d. An increase in the size of the labor force e. A flood that renders thousands of acres of farmland unusable