Kevin has lost his job in an automobile plant because of the use of robots for welding on the assembly line. Kevin plans to go to technical school to learn how to repair microcomputers. The type of unemployment Kevin is faced with is:

a. Cyclical
b. Natural
c. Structural
d. Frictional

c. Structural

Economics

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Exhibit 1A-9 Multi-curve graph Exhibit 1A-9 represents a three-variable relationship. As the annual income of consumers falls from $50,000 (line A) to $30,000 (line B), the result is a:

A. rightward movement along each curve. B. leftward movement along each curve,. C. leftward shift from curve A to curve B. D. rightward shift from curve B to curve A.

Economics

According to the quantity theory of money, inflation is attributable to increases in:

A. the money supply in excess of increases in real GDP. B. velocity in excess of increases in real GDP. C. real GDP. D. velocity.

Economics