Search and wait unemployment is another way to describe:
a. Noncyclical unemployment
b. Structural unemployment
c. Frictional unemployment
d. Cyclical unemployment
c. Frictional unemployment
You might also like to view...
Gross investment equals
A) net investment - depreciation + change in inventories. B) net investment + depreciation. C) net investment + change in inventories. D) depreciation + change in inventories.
Refer to Figure 24-4. Given the economy is at point A in year 1, what will happen to the unemployment rate in year 2?
A) It will rise. B) It will remain constant. C) It will fall. D) not enough information to answer the question
Which of the following statements is true?
a. Deflation is an increase in the general level of prices. b. The consumer price index (CPI) measures changes in the average prices of consumer goods and services. c. Disinflation is an increase in the rate of inflation. d. Real income is the actual number of dollars received over a period of time. e. The real interest rate equals the nominal rate of interest plus the inflation rate.
In the first few years of the Great Depression, unemployment rose to about
a. 10 percent, and prices rose about 14 percent. b. 15 percent, and prices rose about 22 percent. c. 20 percent, and prices fell about 14 percent. d. 25 percent, and prices fell about 22 percent.