The changing age structure of the U.S. population and more efficient labor markets are both possible explanations for:
A. the 2001 recession.
B. the increase in the cyclical rate of unemployment.
C. the stagnation of real wages.
D. the decline in the natural rate of unemployment.
Answer: D
Economics
You might also like to view...
Recessions occur because of
A) difficulties in coordinating economic affairs. B) shocks to technology. C) real adverse shocks to the economy. D) all of the above.
Economics
"Private costs are borne by individuals while social costs are borne by society." Do you agree or disagree? Why?
What will be an ideal response?
Economics