In the modern U.S. economy, the typical unemployed person stays unemployed for
A) an amount of time that is hard to quantify.
B) a long time during expansions and a short time during recessions.
C) a relatively long time, over a year.
D) a relatively short time, less than six months.
D
Economics
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In the United States, most income comes from
a. capital gains b. stocks and bonds c. providing labor resources d. illegal transactions e. government transfer payments
Economics
An inflation shock is:
A. the level of inflation consistent with output in an expansionary gap. B. a change in the inflation rate generated by excessive aggregate spending. C. the level of inflation consistent with output in a recessionary gap. D. a sudden change in the normal behavior of inflation, unrelated to the nation's output gap.
Economics