Frictional unemployment can be the consequence of
a. workers leaving existing jobs to find ones they like better.
b. one industry declining while another is growing.
c. changes in the working conditions offered by competing firms.
d. All of the above are correct.
d
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The secondary mortgage market is the market
a. designated specifically for prime and other low risk mortgages. b. designated specifically for sub-prime and other high risk mortgages. c. where mortgages originated by a lender are sold to another financial institution. d. where home purchasers borrow funds from mortgage originators.
Suppose Congress passes an investment tax credit that increases the quantity of investment goods that firms demand at any given interest rate. Which of the following would you expect to occur as a result of this change?
a. In the short run, unemployment will increase and inflation will fall. b. In the short run, unemployment will increase and inflation will rise. c. In the short run, unemployment will decrease and inflation will rise. d. In the short run, unemployment will decrease and inflation will fall.