Those who desire that policymakers stabilize the economy would advocate which of the following when aggregate demand is insufficient to ensure full employment?
a. decrease the money supply
b. increase taxes
c. increase government expenditures
d. Do nothing and let markets correct themselves.
c
Economics
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Exhibit 16-2 Unemployment categories Category# ofIndividuals Frictional unemployment 20 Structural unemployment 35 Cyclical unemployment 60 Discouraged workers 5 Underemployed workers 10 Fully employed workers410 Population900 Using the information in Exhibit 16-2, the number of individuals included in the natural rate of unemployment is
A. 20. B. 35. C. 55. D. 60.
Economics
When the market price is set above the equilibrium price:
A. the market is not efficient. B. total surplus is not maximized. C. consumer surplus is decreased. D. All of these are true.
Economics