One explanation for the increase in the natural rate of unemployment in 2010 was a mismatch between the skills of the American labor force and the skills that the modern job market demanded.
Answer the following statement true (T) or false (F)
True
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In the real intertemporal model, if future total factor productivity increases, this captures the effects of
A) intemporal substitution. B) Ricardian equivalence. C) the government expenditure multiplier. D) news shocks.
Which of the following is a good example of government's attempt to correct for macroeconomic externalities?
A. Preventing excessive amounts of pollution B. Providing for smoke-free public spaces C. Maintaining full employment D. Providing public goods
Which of the following might be a method that the government could use to correct a negative externality?
A. an effluent fee on waste from the production of goods that create negative externalities B. encouraging overallocation of resources of production of goods that create negative externalities C. government subsidies to producers of goods that create negative externalities D. financing additional production of goods that create negative externalities
Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
A. are 0.10 and 0.10, respectively. B. are 0.75 and 0.75, respectively. C. are 0.15 and 0.95, respectively. D. depend on the level of income.