The best example of a frictionally unemployed individual is
A) Charles who has lost his job as an autoworker because of increased imports and can't find a good job that utilizes his skills.
B) Mary who quit her job to find work closer to her home.
C) Sam who lost his job as a real estate salesperson when the housing market went soft because of a recession.
D) Sandy who has few skills and is no longer looking for work.
B
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The opportunity cost associated with increasing U.S. national security is complicated by the fact that
a. national security is not a good b. there is no trade-off between national security and other goods c. national security cannot be produced d. U.S. national security depends upon national security expenditures of other nations e. war is an inherent human activity
When the money supply increases, there is an excess _____ of money. As a result, interest rates _____ and aggregate demand _____
Fill in the blank(s) with correct word