Cyclical unemployment occurs when a(n):
a. automobile worker is laid off from his job because of a recession
b. ski instructor loses his job after the winter season.
c. typist loses his job as his skills have become obsolete in the current labor market.
d. government employee takes early voluntary retirement.
a
Economics
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Refer to Figure 8.1. Holding other variables constant, an increase in the real wage rate will result in a
A) shift from curve D1 to curve D2. B) shift from curve D2 to curve D1. C) movement from point A to point B. D) movement from point B to point A.
Economics
Normative economics
A. does not depend on market interactions. B. only looks at the best parts of the economy. C. examines how the economy actually works (as opposed to how it should work). D. embodies value judgments.
Economics