From 1981 to 2011, the unemployment rate in the United States
A) was always lower than the unemployment rate in Japan.
B) almost always equaled the unemployment rate in Canada.
C) generally rose while the unemployment rate in the Eurozone fell.
D) was generally lower than the unemployment rate in the Eurozone.
E) was usually higher than the unemployment rate in Canada.
D
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Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment. C) structural unemployment. D) cyclical unemployment.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.