Structural unemployment
a. arises from a mismatch between available jobs and workers' skills or geographic location
b. is short-term joblessness experienced by those re-entering the labor force after a long absence
c. occurs because of changes in seasons, tourist patterns, and similar factors
d. does not occur when the economy is at full employment
e. is joblessness resulting from business cycle movements
A
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If the expected inflation rate rises, then the short-run Phillips curve ________ and the long-run Phillips curve ________
A) does not shift; shifts B) does not shift; does not shift C) shifts; does not shift D) shifts; shifts E) might shift; shifts only if the short-run Phillips curve shifts
In the short-run macro model, what is the relationship between income and government purchases?
a. It is positive and stable. b. It is positive but unstable. c. It is negative and stable. d. It is negative but unstable. e. There is no relationship between the two variables.
According to purchasing power parity, the nominal exchange rate between the U.S. and another country should equal the price level of foreign goods divided by the price level of U.S. goods
a. True b. False Indicate whether the statement is true or false
The central bank is said to monetize the deficit when it
A. prints Federal Reserve notes to satisfy the increased demand for money. B. sells government bonds from its own portfolio of government securities. C. requires member banks to buy the bonds to finance the deficit. D. purchases the bonds that the government issues.