Multiple Choice
Frictional unemployment is defined as
A) all unemployment above the natural rate
B) unemployment that is cyclical in nature
C) the natural unemployment rate minus cyclical unemployment
D) unemployment resulting from people shifting between jobs and looking for new jobs
E) any unemployment that is above 6%
Correct Answer:
Verified
Correct Answer:
Verified
Q40: In the medium run, if government purchases
Q41: The level of GDP that corresponds to
Q42: In an AD-AS diagram with an upward-sloping
Q43: A decrease in nominal money supply will
Q44: If output is at its full-employment level,
Q45: When we say that potential GDP is
Q46: In which of the following cases is
Q47: The AD-AS diagram used in this chapter<br>A)is
Q48: In the Keynesian aggregate supply curve case,<br>A)firms
Q49: Assume you mistakenly buried a $100 bill