Cyclical unemployment is caused by:
a. shifts in the structure of the economy.
b. seasonal layoffs.
c. declines in actual output below its full-employment level.
d. the absence of job skills among the unemployed.
c
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A coupon bond involves
A) interest payments from the borrower to the lender periodically during the life of the loan and payment by the borrower to the lender of the face value of the loan at maturity. B) interest and principal payments from the borrower to the lender periodically during the life of the loan. C) periodic payments by the borrower to the lender that include both principal and interest. D) periodic payments by the borrower to the lender that include principal, but not interest.
An important factor in determining a country's rate of economic growth is
A) the diversity of its population. B) its rate of saving. C) the size of its labor force. D) the proportion of the adult population that is working.
A constant contributor to labor productivity growth during the entire 1948–2000 period was
A. capital formation. B. technological change. C. labor force growth. D. government spending.
Congestion taxes tend to cause an increase in traffic volume during rush hours.
Answer the following statement true (T) or false (F)