Which of the following types of employment is inevitable whenever an employee loses his or her job?
a. cyclical
b. frictional
c. seasonal
d. structural
b. frictional
Economics
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The deadweight loss of a tax
A) is the transfer of income from households to the government. B) determines the incidence of a tax. C) is part of the total burden of a tax. D) is greater than the total burden of a tax. E) equals the tax revenue collected by the government.
Economics
Refer to the diagram. Assume that G and T 1 are the relevant curves, the economy is currently at A, and the full-employment GDP is B. This economy has a(n):
A. cyclically adjusted budget surplus.
B. cyclically adjusted budget deficit.
C. actual budget deficit.
D. actual budget surplus.
Economics