If the wage is kept above the equilibrium wage for any reason, the result is
a. cyclical unemployment.
b. frictional unemployment.
c. seasonal unemployment.
d. structural unemployment.
d
Economics
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Which of the following would shift a nation's production possibilities frontier outward?
A) an increase in demand for the nation's products B) discovering a cheaper way to convert sunshine into electricity C) a decrease in the unemployment rate D) a law requiring workers to retire at age 50
Economics
The difference between the official and correct measures of the deficit will be greater,
A) the lower is government spending. B) the lower is the level of debt, B. C) the higher is inflation. D) none of the above
Economics