A worker repairing VHS cassette-tape players was laid off because most of his customers have started using DVD players. This worker is now:
What will be an ideal response?
structurally unemployed.
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If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of
A) 0.8. B) -8.0. C) -1.25. D) 8.0.
The Single European Act was expected to create economic benefits by reducing the costs and risks of currency market transactions
Indicate whether the statement is true or false
Suppose an economy grows by 2.5 percent, the labor force rises by 3 percent, and capital rises by 1 percent. If capital takes 50 percent of real GDP and labor takes the other 50 percent of real GDP, then the growth in total factor productivity must be _____
a. 6.5% b. 4.5% c. 0.5% d. 6% e. 10%
Public policy, without intending to do so, can increase frictional unemployment
a. True b. False Indicate whether the statement is true or false