Cyclical unemployment occurs
A) with economic fluctuations; it increases during bad times and decreases during good times.
B) because of a mismatch between the jobs that are available in the economy and the skills of workers seeking jobs.
C) because the government labels some people who aren't really in the labor force as unemployed.
D) naturally during the normal workings of an economy, as people change jobs, move across the country, etc.
A
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The relationship between the unemployment rate and inflation is studied under:
A) microeconomics. B) macroeconomics. C) behavioral economics. D) international economics.
The existence of an inflationary gap or an recessionary gap depends on the
A. aggregate supply only. B. expenditure schedule. C. leakages schedule. D. injections schedule. E. aggregate demand and aggregate supply schedules.
Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. Explain the effect of mandatory car insurance laws on the number of traffic accidents and fatalities.
What will be an ideal response?
Suppose that when the price of hamburgers decreases, the Ruiz family increases their purchases of ketchup. To the Ruiz family
A) hamburgers and ketchup and substitutes. B) hamburgers and ketchup are normal goods. C) hamburgers are normal goods and ketchup is an inferior good. D) hamburgers and ketchup are complements.