A probable outcome of a decrease in aggregate demand and the subsequent cutback in production is
a. frictional unemployment
b. cyclical unemployment
c. cost-push unemployment
d. structural unemployment
e. transitory unemployment
B
Economics
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Part of the increase in currency holdings in the 1960s and 1970s can be attributed to
A) increases in income tax rates. B) the switch from progressive to proportional income taxes. C) the adoption of regressive taxes. D) bracket creep due to inflation and progressive income taxes.
Economics
What is the basic assumption underlying the model of choice?
Economics