_____ results from shifts in the demand for goods and services or changes in technology in the economy.
A. Structural unemployment
B. Frictional unemployment
C. Cyclical unemployment
D. None of the choices are correct
A. Structural unemployment
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When considering international trade, which of the following would be most conducive to domestic economic growth?
A) a closed economy B) an economy in which its domestic industries are protected by tariffs C) an economy with free and open markets to the outside world D) an economy in which most decisions are made by a central governmental authority
Suppose that when the price rises by 20% for a particular good, the quantity demanded of that good falls by 10%. The price elasticity of demand for this good is equal to 2.0
a. True b. False Indicate whether the statement is true or false
The goods market adjusts to an equilibrium right at the point of the Keynesian cross. Why?
a. At that point, the Keynesian theory of sticky prices b. At only that point, total spending is equal to total production. c. At only that point, consumers are fully satisfied and firms have maximized profits. d. At only that point, the unemployment rate is zero and workers need not seek higher wages.
What would cause a muscle contracture?
A. Inactivity B. Overuse C. Pulling D. Twisting