The unemployment resulting from wage rigidity and job rationing is called:
A. the natural rate of unemployment.
B. the discouraged-worker effect.
C. structural unemployment.
D. insiders versus outsiders.
Ans: C. structural unemployment.
Economics
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The increase in the capital stock equals the amount of
A) gross investment. B) depreciation. C) net investment. D) private sector spending.
Economics
A flat LM curve implies that
A) an increase in government spending will change output by a relatively small amount. B) a decrease in taxes will change output by a relatively small amount. C) changes in government spending and taxes will have a large multiple effect on output. D) A and B.
Economics