Which of the following is not true of declining industries?
a. Job loss is not a problem in a declining industry because the workers can easily find jobs in expanding industries.
b. Jobs may be lost by declining industries but new jobs are created in expanding industries.
c. Over 60 million new jobs have been created in the United States since 1960.
d. One way to solve the problems posed by declining industries is for the government to fund programs to retrain workers for jobs that are in greater demand.
e. One way to solve the problems posed by declining industries is for the government to offer wage subsidies or special tax breaks that decline over time.
A
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If we use GDP to measure our standard of living, then our procedure is
A) accurate because our standard of living depends solely on goods and services. B) inaccurate because our standard of living only depends on used goods and services. C) inaccurate because our standard of living does not depend only on goods and services. D) inaccurate because our standard of living has nothing to do with goods and services. E) accurate only if we use nominal GDP rather than real GDP.
Which of the following is a disadvantage to monetary targeting?
A) It relies on a stable money-inflation relationship. B) There is a delayed signal about the achievement of a target. C) It implies larger output fluctuations. D) It implies a lack of transparency.