The unemployment rate will increase whenever there is a(n):
a. increase in the number of unemployed persons.
b. increase in the number of unemployed persons relative to the size of the labor force
c. increase in the size of the U.S. population but no change in the number of unemployed persons.
d. increase in the size of the labor force.
e. increase in the size of the U.S. population and a decrease in the number of unemployed persons.
b
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Marketable pollution rights _____
a. make producers pay for polluting b. are inherently wrong c. give producers incentive to internalize external costs d. do nothing to reduce pollution in the long run
The effectiveness of monetary policy as a stabilization tool is limited by
a. activist economists, who exert pressure on politicians. b. the inability to forecast the future and time policy changes in a stabilizing manner. c. Congressional attempts to offset changes in monetary policy with modifications in fiscal policy. d. the inability of the Federal Reserve to alter the money supply.
People who say that they would like to have a job, but have not made an effort to find a job in the past four weeks, are called ________ workers.
A. involuntary part-time B. discouraged C. unemployed D. chronically unemployed
When the price of a financial asset ________ its interest rate will ________
A) rises; rise B) falls; fall C) falls; rise D) rises; remain the same