Because of recent corporate downsizing, Chuck loses his job. The most likely effect on his consumption function is a(n)
a. movement downward along the function.
b. shift upward of the function.
c. shift downward of the function.
d. increase in consumption expenditures.
a
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A recent article in the Financial Times summarizes and criticizes the standard approach to focusing responsibility for the Eurozone debt crisis, for which it blames:
A) the operations of the ECB. B) the restraint on borrowing, which is an integral part of the Eurozone convergence criteria. C) the irresponsibility of the ECB for funding domestic bank purchases of their government's bond issues. D) speculators, irresponsible fiscal deficits, and poor risk assessment.
At the natural unemployment rate, there is no
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) unemployment.