Steve is a professor of Economics at New York State University. He worked in India for a month. The income that he earned from India will be reported as ________ in the U.S. current account

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:

a. underemployment. b. seasonal unemployment. c. frictional unemployment. d. structural unemployment. e. cyclical unemployment.

Which of the following is not a correct statement about money? a. Money serves as a medium of exchange

b. The value of money generally fluctuates much more than the prices of individual commodities like oil or wheat. c. Money serves as a store of value. d. Money serves as a means of deferred payment.