An increase in cyclical unemployment will result in
A) an increase in structural unemployment.
B) an increase in the unemployment rate.
C) an increase in the natural rate of unemployment.
D) a decrease in frictional unemployment.
B
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The gap in GDP between the United States and Europe can be explained by the fact that
A) income taxes are higher in the United States. B) prices are higher in the United States. C) equilibrium employment is higher in Europe. D) the Okun Gap is larger in the United States. E) U.S. labor is more productive than European labor.
Jim has the following assets and liabilities:Credit card balance$2,000Cash$500Government bonds$2,000Stock$5,000Checking$750Car loan balance$5,000Car$15,000 Which of the following actions would decrease Jim's money demand by $200?
A. Jim sells $200 worth of stocks and puts the proceeds in his checking account. B. Jim writes a check for $200 to pay down his credit card balance. C. Jim writes a $200 check for cash and holds the cash. D. Jim sells a $200 government bond and puts the proceeds in his checking account.