A student who just graduated from college during an economic expansion but has yet to find a job would most likely be
A) structurally unemployed.
B) frictionally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.
B
You might also like to view...
In effect, tariffs on imports are
A. subsidies for foreign producers. B. subsidies for domestic producers. C. subsidies for domestic consumers. D. special taxes on domestic producers.
Refer to Figure 28-2. Suppose the Fed used contractionary policy to push short-run equilibrium to point C. If the short-run equilibrium remained at point C long enough
A) the short-run Phillips curve would shift up. B) the economy would stay at point C in the long run. C) the economy would move back to point A. D) the short-run Phillips curve would shift down.
The inauguration of a new President often increases the degree of optimism in foreign business firms and foreign households, causing net exports to
A) decrease and IS to shift right. B) decrease and IS to shift left. C) increase and IS to shift right. D) increase and IS to shift left.
The Great Depression was an era marked by
a. steady growth in GDP and a decline in the rate of unemployment. b. a prolonged period of high unemployment and output substantially below its potential. c. a large decline in the stock market followed by a steady recovery. d. a failure of expansionary monetary policy to stimulate output and employment.