If an economy has high levels of unemployment:
A) This will shift the production possibility frontier outwards.
B) This means the economy may be operating within the production possibility frontier.
C) This means that there is an inflationary gap.
D) This means the level of full employment needs to be reduced.
Correct Answer:
Verified
Q1: Cyclical unemployment is most likely:
A) In a
Q2: Structural unemployment occurs when:
A) There is a
Q3: The number of people who are looking
Q4: Which of the following is a demand-side
Q6: The equilibrium rate of unemployment:
A) Is the
Q7: Supply-side economics is most useful to reduce:
A)
Q8: Cyclical unemployment is linked directly to the
Q9: Supply-side policies will increase the number of
Q10: One way of measuring unemployment is to
Q11: Which of the following is a measure
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