Teenagers have more frequent unemployment spells so, on average, they spend more time searching for jobs. Other thing the same, this means that teenagers have a
a. higher unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be higher.
b. higher unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
c. lower unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be lower.
d. lower unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
a
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The three categories of federal government expenditures, in addition to government purchases, are
A) interest on the national debt, defense spending, and transfer payments. B) defense spending, Social Security, and Medicare. C) defense spending, budgets of federal agencies, and transfer payments. D) interest on the national debt, grants to state and local governments, and transfer payments.
The demand curve for capital is ____ and its supply curve is ____
a. downward sloping; downward sloping b. upward sloping; upward sloping c. downward sloping; upward sloping d. upward sloping; downward sloping