Frictional unemployment always exists because
A. recessions are necessary sometimes to keep the economy healthy.
B. the government has never instituted full employment policies.
C. some workers quit their jobs without having another job already lined up.
D. workers are lazy and refuse to accept certain jobs.
Answer: C
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A program under which the government gives all citizens a substantial lump sum payment that is financed by a tax earned income is termed a(n) ________.
A. positive income tax. B. in-kind transfer. C. negative income tax. D. unearned income tax credit.
Which of the following decreases the natural unemployment rate?
A) higher oil prices B) a recession C) a decrease in aggregate demand so that fewer workers are needed D) many young people entering the labor force E) rapid technological change that increases the demand for labor
If incomes grow during the next year, what will happen in the market for RVs? (Assume that RVs are normal goods.)
What will be an ideal response?
The formula for the multiplier is (1 - MPC)
Indicate whether the statement is true or false