Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.

In 2012, the U.S. federal government budget had a budget deficit. If there is no Ricardo-Barro effect, this deficit ________ the demand for loanable funds and ________ the real interest rate

A) decreased; lowered B) did not change; did not change C) increased; raised D) decreased; raised E) increased; lowered

Which of the following is most likely to generate a surplus?

A) a price floor B) a price ceiling C) an illegal market D) all of these