Structural unemployment usually lasts ________ period of time ________ unemployment
A) a longer; than frictional
B) a shorter; than frictional
C) a shorter; than seasonal
D) a shorter; than cyclical
E) the same; as cyclical
A
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Just over 10% of workers age 25 years or older earned below $7 per hour in 2005
Indicate whether the statement is true or false
In an economy in which velocity of money in circulation is constant and real output grows at an average rate of 3 percent per year, a 5 percent average rate of growth in the money supply would result in a: a. constant price level
b. slowly increasing price level. c. slowly decreasing price level. d. stable 4 percent growth in real GDP. e. stable 4 percent growth in nominal GDP.
In Argentina, agricultural production is directly related to
A) government subsidies. B) price controls. C) import tariffs. D) well-defined property rights..
The public often overestimates the negative effects of inflation due to a focus on nominal rates of interest
a. True b. False Indicate whether the statement is true or false