Cyclical unemployment is caused by
A. business cycle fluctuations.
B. technological progress, which causes some industries to expand employment and others to reduce employment.
C. reducing international trade barriers, which causes some industries to expand employment and others to reduce employment.
D. people entering the labor force to search for jobs.
Answer: A
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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
a. True b. False Indicate whether the statement is true or false
As the marginal propensity to consume (MPC) increases, the spending multiplier
a. increases. b. decreases. c. remains constant. d. becomes indefinable.
A political problem with discretionary fiscal policy is the
A. political business cycle. B. Federal Reserve. C. split control of the legislative and judicial branches of government. D. business cycle.
An increase in the money supply will increase aggregate demand.
Answer the following statement true (T) or false (F)