More generous unemployment insurance would
a. raise structural unemployment.
b. raise frictional unemployment.
c. lower structural unemployment.
d. lower frictional unemployment.
b
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In the 1970s, a period of a high rate of inflation, a news magazine article listed people who were losing from inflation because their real purchasing power was falling. Those who lost the most were university professors
Which of the following explains this? A) Their wage rates did not increase as much as the CPI. B) The marginal benefit of their work was falling. C) The professors' market basket was different than the market basket used to calculate the CPI. D) Their wage rates increased more rapidly than the CPI. E) The professors suffered from the CPI bias.
Unemployment that arises from a lack of skills is known as ________
A) seasonal unemployment B) cyclical unemployment C) discouraged unemployment D) structural unemployment
If a household's income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400, then its: a. marginal propensity to consume is 0.86. b. marginal propensity to consume is 0.99. c. marginal propensity to consume is 0.98. d. marginal propensity to save is 0.01
e. marginal propensity to save is 0.86.
If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve (SRAS) is:
a. vertical. b. positively sloped. c. negatively sloped. d. horizontal.