Which of the following situations may lead to a decrease in the level of cyclical unemployment?
A. Total value of goods supplied exceeds total value of goods demanded.
B. Undesired inventory accumulation.
C. A period of significant inflation.
D. Desired saving exceeds desired investment.
Answer: C
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Structural unemployment occurs when: a. automation reduces the need for welders in Detroit
b. frictional unemployment exceeds 5 percent of the labor force. c. steelworkers are laid off due to a downturn in the economy. d. a person leaves a job to seek a better position and has not yet found the job he or she wants.
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
An increase in the price of a good will
a. increase supply. b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.
When Jamie, a U.S. citizen, purchases a wool jacket made in Ireland, the purchase is
a. both a U.S. and Irish import. b. a U.S. import and an Irish export. c. a U.S. export and an Irish import. d. neither an export nor an import for either country.