The best example of a frictionally unemployed worker is one who:
a. has been looking for work for 27 weeks or longer
b. is laid off during a recessionary period in the economy.
c. is in the process of voluntarily switching jobs.
d. is discouraged and not actively seeking work.
e. cannot find a job that matches with his skills.
c
Economics
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Most economists believe that convergence of GDP per capita ________ between developed nations and ________ between developing and developed nations
A) has not occurred; has occurred B) has occurred; has occurred C) has not occurred; has not occurred D) has occurred; has not occurred
Economics
Classical economists who allow for shocks other than productivity shocks to affect the economy use ________ models rather than RBC models
A) Keynesian B) monetarist C) nonlinear D) DSGE
Economics