Which of the following situations may lead to a decrease in the level of cyclical unemployment?
A. Total value of goods supplied exceeds total value of goods demanded.
B. Undesired inventory accumulation.
C. A period of significant inflation.
D. Desired saving exceeds desired investment.
Answer: C
Economics
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The Keynesian approach assumes that
A) the economy is self-regulating. B) there is no unemployment in the economy. C) the price level is fixed. D) the government budget is always in deficit.
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The demand for the services of labor ________ a derived demand and the demand for the services of land ________ a derived demand
A) is; is B) is; is not C) is not; is D) is not; is not
Economics