Cyclical unemployment results from
A. technological change.
B. the decreasing relative importance of goods and the increasing relative importance of services in the U.S. economy.
C. a deficiency of spending on goods and services.
D. the everyday dynamics of a free labor market, with workers voluntarily changing jobs.
Answer: C
You might also like to view...
Entitlements and net interest are the ________ the U.S. federal budget
A) two fastest-growing components of B) only two declining components of C) only two components with negative values in D) two slowest-growing components of
Compensation of losers from opening an economy to international trade is not common because:
A) losers don't lose so much that they would require to be compensated. B) the loss is made up through the availability of a wider array of goods and services. C) it is difficult for governments to carry out such compensation policies. D) the government will have to transfer huge amounts of money to compensate losers.
An increase in the availability of health insurance could be expected to cause the average price of health care to increase
Indicate whether the statement is true or false
The breakeven income level can be found by multiplying the income floor by the marginal tax rate and then adding disregarded income
Indicate whether the statement is true or false