The costs of "crowding-out" are most obvious when the economy is
A. at full employment.
B. experiencing creeping inflation.
C. mired in a deep recession.
D. adjusting to a demobilization following a war.
A. at full employment.
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Workers who are unemployed for long periods of time are more likely to be unemployed for ________ reasons than for ________ reasons
A) cyclical; frictional or structural B) frictional; structural or cyclical C) structural; frictional or cyclical D) frictional or structural; cyclical
Demand-side inflation is the rise in inflation caused by rapid growth of aggregate demand.
Answer the following statement true (T) or false (F)
Data on education and earnings reveal:
A. negative age-earnings profiles for male workers. B. no relationship between the two. C. a positive relationship between the two. D. a negative relationship between the two.
If the central bank decreases the money supply, it is conducting
A. monetary policy. B. fiscal policy. C. supply-side policy. D. incomes policy.