The nation's structural unemployment will increase when
A) bad economic policies send the economy into a recession.
B) there is influx into the labor market of new college graduates.
C) there is an increase in post-Christmas layoffs of workers.
D) an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.
D
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There will be an increase in supply when
A) a consumer's income increases. B) there is an improvement in technology. C) the demand curve shifts. D) the market price rises from $3 to $4.
In the socialist controversy
a. Marx demonstrated the superiority of capitalism b. Marx demonstrated the superiority of socialism c. Keynes showed that capitalism was unstable d. Hayek and Mises argued that socialism would be inefficient e. Kornai talked about soft budgets
Which of the following is the most likely to be a fixed factor of production at a pizza restaurant?
A. The amount of pizza dough B. The amount of electricity C. The size of the seating area D. The number of waiters
Two methods used to adjust nominal values for inflation are:
A. indexing and deflating. B. aggregating and disaggregating. C. real and nominal. D. substituting and complementing.