Why didn't unemployment rise during the 2000s even though the economy faced more and more globalization?
A) Globalization meant higher exports and lower imports, which created jobs
B) The government ran policies that created jobs in the non-tradable sector
C) Firms hired workers because they lowered their reservation wages
D) Limmigration policies meant immigrants took jobs Americans weren't willing to take
Correct Answer:
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Q25: Globalization, accompanied by large trade deficits, most
Q29: What will likely lower cyclical unemployment?
A)Workers move
Q30: Technological change can result in:
A)structural unemployment.
B)natural unemployment.
C)cyclical
Q31: The target rate of unemployment can be
Q32: The target rate of unemployment:
A)remains always at
Q33: Mexico can produce vine-ripened tomatoes at a
Q34: Over the past several years, the target
Q39: Cyclical unemployment:
A)includes structural unemployment.
B)is generally greater than
Q50: Which of the following has not been
Q58: Globalization has tended to:
A)lower people's reservation wage.
B)raise
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