Edward is an unmarried man with no children. He loses his job as the manager of a company. After three years of job searching, Edward manages to finally get a job in a small company. Edward's three years of unemployment are most likely to result in _____

a. a loss of lifetime earnings for Edward
b. a loss of human capital for the broader society
c. the deterioration of health for the broader society
d. a loss of social cohesion for the broader society


a

Economics

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If nominal wages increase at the same rate as inflation, then the aggregate supply curve will be a horizontal line

a. True b. False Indicate whether the statement is true or false

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The longer the actual unemployment rate remains below what had been the natural rate, the more the natural rate itself increases

Indicate whether the statement is true or false

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Assets that are able to be moved relatively quickly are known as

a. liquid assets b. hard assets c. corporate assets d. marketable securities e. none of these

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In the basic Keynesian model, a decrease in government purchases:

A. increases short-run equilibrium output. B. increases potential output. C. reduces potential output. D. reduces short-run equilibrium output.

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