The portion of unemployment that is due to the short- run job/skill matching problems is called:
A) cyclical unemployment
B) frictional unemployment
C) natural unemployment
D) structural unemployment
Correct Answer:
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Q21: The largest component of aggregate demand in
Q22: The increase in unemployment that occurs during
Q23: The net export component of aggregate demand
Q24: The multiplier effect refers to:
A) the total
Q25: If the MPW increases, the multiplier will:
A)
Q27: If the multiplier is 4, a $10
Q28: Consumption smoothing is the idea that:
A) you
Q29: The formula for the multiplier is:
A) 1/MPC
B)
Q30: The level of private sector investment will
Q31: If consumption is $25 000 when income
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