During periods of recession unemployment:

A. rates are the same for all groups of the working population.
B. is less common.
C. is uncorrelated to periods of recession.
D. is more common.


Answer: D

Economics

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Under a fixed exchange rate system, the central bank of a country experiencing a balance of payments surplus will:

A) increase the supply of domestic currency to prevent currency depreciation. B) increase the demand for domestic currency to prevent currency depreciation. C) increase the supply of domestic currency to prevent a currency appreciation. D) increase the demand for domestic currency to prevent a currency appreciation.

Economics

Which of the following labor resources will likely have the most elastic supply schedule in the short run?

a. nuclear physicists b. surgeons c. retail cashiers d. graduate-level math professors

Economics

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow. Figure 23.1Refer to Figure 23.1. The ________ for this household is 0.5 and the ________ is also 0.5.

A. MPC; MPS B. consumption function; saving function C. MPS; saving function D. MPC; consumption function

Economics

Refer to the diagram. Point b would not be permanent because the:



A.  economy would move from b to a on PC 1 .
B.  short-run Phillips Curve would shift from PC 1 to PC 2 and unemployment would increase to the natural rate at c.
C.  economy would immediately move from b to c to d.
D.  economy would move from b directly to d.

Economics