A person who quits working because of a variety of excuses such as "unbearable office politics" or "difficulty to work in that environment" is described as being part of
a. discouraged workers
b. counterfeit unemployment
c. the underemployed
d. displaced unemployment
e. frictional unemployment
B
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The equilibrium level of national income occurs where
a. Y = C + S b. C + Ii = C + S c. Y = C + S + I d. C + Ii = S e. Y = C + S + Ii
Which of the following is true of deficit spending and government debt?
a. The opportunity costs of government spending must be incurred today and cannot be passed on through deficit spending. b. Because of the national debt, future generations will incur liabilities without any corresponding benefits. c. Financing government spending with debt allows the government to pass the opportunity costs of government spending along to future generations. d. All of the public debt is owed to foreigners because the people who pay taxes are U.S. citizens.