Mr. Ramirez lost his job at a steel mill due to competition from cheaper imported steel. He would be classified as
A. cyclically unemployed.
B. not in the labor force.
C. frictionally unemployed.
D. structurally unemployed.
Answer: D
You might also like to view...
Starting at point A, a reduction in government spending would cause
a. the quantity of loanable funds traded to increase to $125 and the interest rate to rise to 7% (point C). b. the quantity of loanable funds traded to decrease to $75 and the interest rate to fall to 5% (point B). c. the quantity of loanable funds traded to increase to $125 and the interest rate to fall to 5% (point D). d. the quantity of loanable funds traded to decrease to $75 and the interest rate to rise to 7% (point E).
To compare the real price of gas in 1975 to the real price in 2013, we need to know
A) the two prices in both years and the inflation rate in 2013. B) just the two nominal prices in both years. C) the two prices in both years and the two interest rates in both years. D) the two prices in both years and the CPI in both years. E) the two prices in both years and the two inflation rates in both years.
The aggregate M1 consists of
A) currency plus all deposits in financial institutions. B) currency plus all deposits in all institutions. C) currency plus checkable deposits in financial institutions. D) currency plus all checkable deposits.
If the demand for money is insensitive to the interest rate, then the most effective expansionary policy would be
A. fiscal policy. B. monetary policy. C. neither fiscal nor monetary policy. D. both fiscal and monetary policy.