Unemployment that results from a mismatch between worker qualifications and the characteristics employers require is called _________ unemployment.

Which of the following adjusts to bring aggregate demand and aggregate supply into balance?

a) the price level but not the quantity of output b) the quantity of output but not the price level c) both the price level and the quantity of output d) variables other than the price level and the quantity of output

Static tax analysis assumes that

A) an increase in a tax rate may lead to a decrease in the tax base. B) an increase in a tax rate will lead to an increase in the tax base. C) an increase in a tax rate will leave the tax base unchanged. D) the tax base will always remain unchanged.