Many economists view ________ as explaining most of the increase in the natural rate of unemployment in the U.S. from 1960 to 1980
A) the rise in the percentage of young workers in the labor force
B) an increase in the percentage of the working-age population receiving disability insurance
C) a decrease in the size of the prison population
D) increased use of temporary workers
A
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The primary difference between a change in supply and a change in the quantity supplied is:
A) a change in quantity supplied is a shift in the supply curve, and a change in supply is a movement along the supply curve. B) both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. C) a change in quantity supplied is a movement along the supply curve, and a change in supply is a shift of the supply curve. D) a change in supply is a movement to the left along the supply curve and a change in quantity supplied is a movement to the right along the supply curve.
When the housing bubble began to burst in 2006, investors became
A) more likely to purchase mortgage-backed securities since mortgage values had declined significantly, making the securities a better value. B) less likely to purchase mortgage-backed securities since the default rate on mortgages began to rise. C) more likely to purchase mortgage-backed securities since the higher rate of return made these investments much more profitable. D) less likely to purchase mortgage-backed securities since the government virtually took over the mortgage market.