Suppose a report on the internet indicates that job prospects for graduates are bright because full employment is achieved automatically.Economists are likely to
A) be disappointed in the degree of economic understanding possessed by the author of the report
B) be excited about the earning potential of new entrants into the labor market
C) be anxious about inflationary indicators
D) anticipate a recession
E) encourage a tax cut to stimulate the economy
Correct Answer:
Verified
Q33: The classical model does not do a
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A)
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Q39: In order for the classical model to
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Q41: Of the recessions and expansions from 1950
Q42: A shock that could trigger a recession
Q43: The recession of 1982 was largely caused
A)
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