The economic principle that "unemployment rate will tend to increase as the economy moves into a recession" is an example of:
A. A normative statement
B. An assumption
C. A loaded terminology
D. A generalization
Answer: D
Economics
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In the United States during the 1930s, politicians
A) deliberately relied on government spending and taxation even though they knew the depression would continue. B) knew that the depression would eventually subside because of automatic stabilizers. C) did not believe in using government spending and taxation because they feared the consequences of budget deficits. D) relied on government spending and taxation to pull the economy out of the depression.
Economics
Which of the following is most likely to belong to a union?
a. a government employee b. a salesperson c. a chef at a four-star restaurant d. a taxi driver
Economics