Gordon recommends that government macroeconomic policymakers focus on
A) reducing inflation to zero.
B) creating a national job finding service to reduce frictional unemployment to near zero.
C) creating "enterprise zones" to move jobs to areas of concentrated unemployment.
D) programs to match more closely the job skills of the unemployed to those of job vacancies.
D
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When a nation is said to be running a balance of payments surplus, this means its
A) official settlements balance is positive. B) trade balance is positive. C) net financial account balance is positive. D) current account is positive.
A tariff can best be described as:
A. an excise tax on an imported good. B. a government payment to domestic producers to enable them to sell competitively in world markets. C. an excise tax on an exported good. D. a law that sets a limit on the amount of a good that can be imported.