Globalization, the development of new technology, changes in consumer demand, and the discovery of new resources are all causes of _____.
(A) Cyclical unemployment
(B) Structural unemployment
(C) Frictional unemployment
(D) Seasonal unemployment
Answer: (B) Structural unemployment
Economics
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Which of the following is not an input to production?
a. Technology b. Labor c. Physical capital d. Producer expectations about future prices
Economics
Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?
a. An unanticipated increase in aggregate demand. b. An anticipated increase in aggregate demand. c. An increase in long run aggregate supply (LRAS). d. An increase in wage rates
Economics