Structural change influences the unemployment rate and such structural change is created by changes in
A) real GDP.
B) technology.
C) the minimum wage.
D) population.
E) the seasons.
B
You might also like to view...
According to Douglass North, the Industrial Revolution occurred in England because
A) the British Parliament instituted a command economy structure and implemented a planned economy. B) the British courts became tied to the king and began to refuse to enforce property rights. C) the British Parliament took control of the government and could credibly commit to upholding property rights. D) the British monarchy took control of the government and pledged not to raise taxes arbitrarily.
A weak economy impacts the most skilled and the least skilled equally
Indicate whether the statement is true or false
Imports are a leakage in the sense that
A. the international financial system is unstable. B. consumers buy foreign output of goods and services. C. foreigners earn less than U.S. workers. D. a trade deficit increases aggregate demand.
To close a recessionary gap the policy should be to
A. raise G and raise taxes. B. lower G and lower taxes. C. raise G and lower taxes. D. lower G and raise taxes.