The only factor that can cause movement along the aggregate supply curve is the
a. labor force.
b. capital stock.
c. availability of resources.
d. price level.
e. All of the above are correct.
d
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Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.
To ask "what causes a recession" is the same as asking
A) "why does supply meet demand?" B) "what is the link between price elasticity of demand and price elasticity of supply?" C) "why have so many individuals made errors all at once?" D) "why have price controls failed us?"
If the population of Country A has a higher percentage of retirees than the population of Country B, then:
a. the demand for loanable funds in Country A would be higher than the supply of loanable funds in Country B. b. the demand for loanable funds in Country A would be higher than the supply of loanable funds in Country A. c. the supply of loanable funds in Country A would be higher than the supply of loanable funds in Country B. d. the supply of loanable funds in Country A would be lower than the supply of loanable funds in Country B.
In 2006 and 2007, for the first time in decades, in many major urban areas across the U.S.,
A. Springfield, Ohio became the nation's Least Affordable Place to Live according to NAHB. B. the NASDAQ stock market lost approximately 70% of its value. C. housing prices began to fall. D. property tax rates decreased.