Give an example of a cyclically unemployed person
What will be an ideal response?
A person who loses his or her job because of a recession is cyclically unemployed.
You might also like to view...
A production possibilities curve shows the various combinations of two outputs that:
a. an economy should produce. b. an economy can produce. c. consumers would like to consume. d. producers would like to produce.
The evidence from hyperinflations indicates that money growth and inflation
a. are positively related, which is consistent with the quantity theory of money. b. are positively related, which is not consistent with the quantity theory of money. c. are not related in a discernible fashion, which is consistent with the quantity theory of money. d. are not related in a discernible fashion, which is not consistent with the quantity theory of money.
Which one of the following is not one of the monetary control instruments available to a Central Bank?
(a) Moral suasion (or advice); (b) Reserve requirements; (c) Discount rate; (d) Tax rates.
Refer to the above table. If the price is $3, the perfectly competitive firm should produce
A. 104 units. B. 105 units. C. 103 units. D. 102 units.