Technological unemployment is a macroeconomic phenomenon that occurs when
A) unemployment changes due to the effects of technology in high-technology industries.
B) unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
C) hysterisis.
D) Eurosclerosis.
E) unemployment changes as a result of technological change.
E
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A tax structure is called progressive when
A. the average tax rate on low-income groups exceeds the tax rate of high-income groups. B. the average tax rate decreases if income decreases. C. the average tax rate is constant, but the absolute amount of taxes paid increases with income increases. D. high-income groups pay more taxes absolutely than do low-income groups.
In the Keynesian model, which curve is vertical?
A) LRAS B) SRAS C) AD D) NS
Money market instruments are ________ term and ________ relative to capital market instruments
A) long; risky B) short; risky C) short; less risky D) long; less risky
If a country chooses to establish fixed exchange rates and an independent monetary policy, it gives up the ability to have ________
A) free capital mobility B) an independent fiscal policy C) capital controls D) an independent physical policy