Louise is unemployed due to a decrease in the demand for workers with knowledge of a certain word processing language. This is an example of
structural unemployment
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If production displays constant returns to scale, then all economies of scale have been exhausted
Indicate whether the statement is true or false
Free market economies
a. often have dirty air and rivers. b. acting on their own do not do enough to efficiently deal with externality problems. c. while not protecting the environment automatically do offer a powerful tool that may be used for that purpose. d. All of the above are correct.
Which of the following would not lead to more conservation?
A. Higher prices for a resource B. Increased interest rates on bonds C. Public awareness of increasing scarcity D. Higher taxes on goods produced using the resource
The real-balances effect on aggregate demand suggests that a ________.
A. higher price level will decrease the real value of many financial assets and therefore cause an increase in spending B. lower price level will increase the real value of many financial assets and therefore cause an increase in spending C. higher price level will increase the real value of many financial assets and therefore cause an increase in spending D. lower price level will decrease the demand for money, decrease interest rates, and increase consumption and investment spending