Frictional unemployment
A) includes discouraged workers.
B) is voluntary part-time unemployment.
C) is unemployment associated normal labor turnover.
D) is unemployment associated with declining industries.
C
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The "Greenspan doctrine"—central banks should not try to prick bubbles—was based on which of the following arguments?
A) Asset-price bubbles are nearly impossible to identify. B) Monetary actions would be likely to affect asset prices in general, rather than the specific assets that are experiencing a bubble. C) Raising interest rates has often been found to cause a bubble to burst more severely. D) Monetary policy actions to prick bubbles can have harmful effects on the aggregate economy. E) All of the above.
Which of the following affect the growth in real GDP per capita? a. the total production of final goods in the economy. b. the population
c. the production of final services in the economy. d. all of the above