Frictional unemployment exists:
A) When there is a decrease in real GDP
B) Because it takes time to find a job when one is first entering the labour force
C) As a result of technological change
D) When an individual retires
Correct Answer:
Verified
Q12: The IS curve has a ------slope
A)Positive
B)Negative
C)Zero
D)None of
Q13: The LM curve has a ----- slope
A)Positive
B)Negative
C)Zero
D)None
Q14: ISLM model was developed by:
A)Hicks
B)Keynes
C)Friedman
D)None of these
Q15: The perfectly elastic segment of the LM
Q16: Which policy is effective in the Classical
Q17: Which policy is effective in the intermediate
Q18: IS-LM model was developed by:
A)Keynes
B)Walras
C)J.R.Hicks
D)Don-Patinkin
Q20: The natural rate of unemployment equals the
Q21: The marginal productivity of labour:
A)Increases when the
Q22: When saving is greater than investment in
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