Which of the following is correct?
a. Typically more than one-third of the unemployed are new entrants into the job market.
b. Most spells of unemployment are short.
c. Most unemployment observed at any time is long term.
d. All of the above are correct.
d
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A price tag of $400 for a tablet device is an example of money as
A) a store of value. B) a time deposit. C) a unit of accounting. D) a medium of exchange.
In the absence of technological progress, we know with certainty that an decrease in the saving rate will cause which of the following?
A) decrease steady state consumption B) increase steady state consumption C) have no effect on steady state consumption D) decrease steady state consumption only if the decrease in saving exceeds the increase in depreciation E) decrease steady state consumption only if the decrease in saving is less than the decrease in depreciation