Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and automatic stabilizers move the economy back to long-run equilibrium
Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) D to C. B) B to A. C) C to B. D) E to A. E) A to E.
C
Economics
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An increase in cyclical unemployment will result in
A) an increase in the natural rate of unemployment. B) an increase in the unemployment rate. C) an increase in structural unemployment. D) a decrease in frictional unemployment.
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School vouchers are
A. provided by the government. B. provided by private organizations. C. public funds to be used for private tuition. D. all of these answer options are correct.
Economics