If the government increases unemployment benefits, then the equilibrium amount of employment-------------and potential GDP-------------.
A) does not change; does not change
B) increases; increases
C) increases; decreases
D) decreases; increases
E) decreases; decreases
Correct Answer:
Verified
Q8: Over the business cycle, real GDP fluctuates
Q9: Potential GDP is the level of
A)GDP that
Q10: An increase in the time spent on
Q11: According the Keynesian macroeconomic model, which of
Q12: The supply of labor is defined as
Q14: Potential GDP is
A)the level of output produced
Q16: As demonstrated by the labor supply schedule,
Q17: Which of the following is true?
A)Real GDP
Q18: The Keynesian macroeconomic model states that
A)the economy
Q76: The quantity of labor demanded is the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents