When governments provide information to unemployed people about which professions are experiencing rising demand for labor, they are trying to minimize the effects of which kind of unemployment?
A. Seasonal unemployment
B. Frictional unemployment
C. Cyclical unemployment
D. Structural unemployment
Answer: D
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The analysis that the costs of building a dam are higher than the benefits is an example of normative analysis
a. True b. False Indicate whether the statement is true or false
The two primary markets for savers to get funds to borrowers are the ______.
a. commodities market and retail market b. precious metals market and currency market c. stock market and bond market d. real estate market and consumer goods market
The Patient Protection and Affordable Care Act (PPACA) includes the establishment of "insurance exchanges" in each state, the purpose of which is to:
A. Create a monopoly or oligopoly of insurance companies in each state B. Fix insurance premiums, similar to public utilities C. Foster competition among insurance companies D. Nationalize the insurance industry in each state
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower