Structural unemployment occurs when:
a. automation reduces the need for welders in Detroit
b. frictional unemployment exceeds 5 percent of the labor force.
c. steelworkers are laid off due to a downturn in the economy.
d. a person leaves a job to seek a better position and has not yet found the job he or she wants.
a
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Credit cards are included in
A) the M1 money supply. B) the M2 money supply. C) all of the above. D) none of the above.
The slope of a steep upward-sloping line is a smaller value than the slope of a nearly flat upward-sloping line
a. True b. False
The downside (negative aspect) associated with a free and floating exchange rates is that
a. countries appreciate their rates so that the float is only upward b. they depend on trade agreements that can, and have been, broken c. whether they increase or decrease, it takes currency to float the rate d. arbitrage takes advantage of different opportunity costs e. it creates an uncertainty about future rates that can reduce trade
The Environmental Protection Agency (EPA) cannot reach a target level of pollution through the use of pollution permits
a. True b. False Indicate whether the statement is true or false