From the Keynesian perspective, an increase in cyclical unemployment during a recession represents
A) an equivalent increase in the natural rate of unemployment.
B) a roughly equal mix of voluntary and involuntary unemployment.
C) involuntary unemployment.
D) a decrease in the number of discouraged workers in an economy.
C
Economics
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A higher expected price tomorrow will tend to
A) shift today's demand curve to the left. B) shift today's demand curve to the right. C) have no effect on today's demand curve. D) have no effect on tomorrow's demand curve.
Economics
The budget line can shift or rotate
A) only when income changes. B) only when prices change. C) when either income or prices change. D) None of the above, because changes in income and prices do not shift or rotate the budget line.
Economics