Frictional unemployment comes about because of
A) friction between labor and management.
B) a mismatch between skills and available jobs.
C) normal labor market turnover.
D) a general economic slowdown.
C
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In 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. Between these two years, the dollar has become ________ valuable and so the dollar has ________
A) more; appreciated against the yen B) less; depreciated against the yen C) more; appreciated against the dollar D) less; appreciated against the yen E) more; depreciated against the yen
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher