Which of the following people would be considered frictionally unemployed?
a. The President of the United States
b. An elementary school student
c. A lifeguard unemployed during the winter
d. A high school graduate entering the labor market for the first time
e. A person laid off from his job
D
Economics
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Internal balance can be graphically represented as the intersection of the IS curve with the LM curve
Indicate whether the statement is true or false
Economics
Which of the following is likely to have the shortest transmission lag?
A) a change in personal income tax rates B) a change in government expenditures C) an increase in subsidies paid to firms D) an increase in public-service employment
Economics