Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?
a. Cyclical unemployment only
b. Structural unemployment only
c. Frictional, cyclical, and seasonal unemployment only
d. Frictional, seasonal, and structural unemployment only
e. Seasonal unemployment only
d
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Speculators in the stock market
a. aggravate instability in the market. b. create shortages of certain stocks. c. smooth out fluctuations in the market. d. reduce the profits of firms that issued the stock.
Which statement about the multiplier is correct?
A. If a $20 billion increase in spending creates $20 billion of new income in the first round of the multiplier process and $15 billion in the second round, the multiplier in the economy is 5 B. If a $40 billion increase in spending creates $40 billion of new income in the first round of the multiplier process and $20 billion in the second round, the multiplier in the economy is 4 C. If a $60 billion increase in spending creates $60 billion of new income in the first round of the multiplier process and $50 billion in the second round, the multiplier in the economy is 5 D. If an $80 billion increase in spending creates $80 billion of new income in the first round of the multiplier process and $60 billion in the second round, the multiplier in the economy is 4