Unemployment that results from technological changes that renders some people's skills obsolete is called:
a. frictional unemployment.
b. cyclical unemployment
c. structural unemployment.
d. seasonal unemployment.
c
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A rise in the price of a good causes producers to supply more of the good. This statement illustrates
A) the law of supply. B) the law of demand. C) a change in supply. D) the nature of an inferior good.
Higher deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________
A) supply; left B) supply; right C) demand; left D) demand; right
Since 1970 there has been a huge increase in the relative importance of __________ as a source of bank funds
A) negotiable CDs B) time deposits C) foreign deposits D) transactions deposits
Which actor in the simplified circular flow model is on the supply side of the goods market?
A. Firms B. Households C. Markets for factors of production D. Government