Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called:
A. frictional unemployment.
B. structural unemployment.
C. cyclical unemployment.
D. compositional unemployment.
B. structural unemployment.
Economics
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All else constant, if a nation's potential output doubles in 36 years, its average annual growth rate is
A. approximately 1% B. approximately 2% C. approximately 3% D. approximately 4%
Economics
The Laffer curve is a curve showing
A) output as a function of the tax rate. B) tax revenue as a function of the tax rate. C) government expenses as a function of how liberal the government is. D) the tax rate as a function of government expenses.
Economics