A mismatch between the geographic location of workers and the location of job openings would result in which type of unemployment?
A. wait
B. cyclical
C. structural
D. frictional
Answer: C
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A country's current account
A) balance equals the change in its net foreign wealth. B) balance equals the change in its foreign wealth. C) surplus equals the change in its foreign wealth. D) deficit equals the change in its foreign wealth. E) balance equals its GNP.
The general formula for computing the desired stimulus is
A. AD shortfall - the multiplier. B. AD shortfall ÷ the multiplier. C. AD shortfall + the multiplier. D. AD shortfall × the multiplier.
Most economists believe that fiscal policy
a. only affects aggregate demand and not aggregate supply. b. primarily affects aggregate demand. c. primarily effects aggregate supply. d. only affects aggregate supply and not aggregate demand.
Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
A. Demand decreased, and supply increased. B. Demand and supply both increased. C. Demand increased, and supply decreased. D. Demand and supply both decreased.