Seasonal unemployment
a. is short-term joblessness experienced by those entering the labor market for the first time
b. arises from a mismatch between available jobs and workers' skills or geographic location
c. is joblessness affecting people such as construction workers, farm workers and retail sales clerks after the Christmas shopping season
d. is joblessness resulting from business cycle movements
e. does not exist when the economy is at full employment
C
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A lower real interest rate ________ saving and ________ consumption spending.
A. increases; increases B. does not change; does not change C. increases; decreases D. decreases; increases
Does the principle of optimization imply that people always make the best choices?
What will be an ideal response?
Shocks and Integration) The graph shows hypothetical OCA economic criteria for several South American countries. Using the graph, which of the following best satisfy the OCA criteria for forming a monetary union?
A) Peru and Colombia B) Peru and Uruguay C) Venezuela and Uruguay D) Colombia and Venezuela
A variable is standardized in the sample:
A. by multiplying by its mean. B. by subtracting off its mean and multiplying by its standard deviation. C. by subtracting off its mean and dividing by its standard deviation. D. by multiplying by its standard deviation.