Sally lost her job when her company went out of business because of a recession. This is an example of:
a. structural unemployment.
b. cyclical unemployment.
c. frictional unemployment.
d. technological unemployment.
b
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What is protectionism in the domestic economy?
a. forcing foreign consumers to subsidize domestic producers b. forcing producers to subsidize consumers c. forcing consumers to subsidize producers d. forcing foreign consumers to subsidize foreign producers
If the Fed wants to lower the nominal interest rate in the short run, the Fed ________ the growth rate of the quantity of money
A) raises B) lowers C) first lowers and then raises D) does not change E) None of the above answers is correct because the premise of the question is wrong since the Fed cannot affect the nominal interest rate, only the real interest rate.
Define horizontal differentiation
What will be an ideal response?
Which of the following is a primary objective of macroeconomic policy?
A) achieving a zero rate of unemployment B) achieving a zero rate of inflation C) stabilizing economic activity D) all of the above E) none of the above