Which type of unemployment is likely to decrease the most during an economy's boom?
a. Frictional unemployment
b. Seasonal unemployment
c. Structural unemployment
d. Cyclical unemployment
e. Underemployment
d
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Other things being equal, an increase in U.S. interest rates would be likely to cause an increase in the capital account surplus or a decrease in the capital account deficit
a. True b. False Indicate whether the statement is true or false
The macroeconomy is said to be in long-run equilibrium only if
a. the resource, loanable funds, foreign exchange, and goods and services markets are all in equilibrium. b. prices were incorrectly estimated by decision makers. c. the output of the economy exceeds the full-employment level of output. d. the economy is operating along its short-run aggregate supply curve.
Inflation
What will be an ideal response?
Asymmetric information in financial markets is a potential problem usually resulting from:
A. lenders having more information than borrowers. B. the fact that people are basically dishonest. C. the uncertainty about Federal Reserve monetary policy. D. borrowers having more information than the lenders.