Small differences in economic growth rates result in small differences in living standards
Indicate whether the statement is true or false
FALSE
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Any point on or outside the production possibilities frontier is attainable.
Answer the following statement true (T) or false (F)
In the DMP model, an increase in the unemployment insurance benefit does not, under any circumstances
A) increase the vacancy rate. B) increase the unemployment rate. C) reduce labor market tightness. D) reduce the size of the labor force.
Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a
a. monthly survey of about 60,000 households. b. monthly survey of about 6,000 households. c. weekly survey of about 60,000 households. d. weekly survey of about 6,000 households.
Frictional unemployment results from
a. job searching. It is often thought to explain relatively short spells of unemployment. b. job searching. It is often thought to explain relatively long spells of unemployment c. a surplus in the some labor markets. It is often thought to explain relatively short spells of unemployment. d. a surplus in some labor markets. It is often thought to explain relatively long spells of unemployment.