Structural unemployment may result from all of the following factors EXCEPT
A. union wage contracts.
B. improved college education.
C. a higher minimum wage.
D. welfare and unemployment benefits.
Answer: B
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"An increase in the real interest rate increases the quantity of investment." Is the previous statement correct or incorrect?
What will be an ideal response?
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
Sally stopped looking for work six months ago, so she would not be a part of the labor force.
Answer the following statement true (T) or false (F)
The traditional Phillips curve suggests a conflict or tradeoff between
A. price level stability and income equality. B. the level of unemployment and price level stability. C. unemployment and income equality. D. economic growth and full employment.