Multiple Choice
When the automobile replaced horse-drawn carriages as the principal means of transportation, firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers, thereby increasing
A) frictional unemployment.
B) structural unemployment.
C) frictional and cyclical unemployment.
D) cyclical unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q79: The current U.S. population is about 300
Q80: The unemployment rate measures the percentage of
Q81: When real GDP is _ potential GDP,
Q82: Full employment occurs<br>A) only if the unemployment
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q85: The natural unemployment rate<br>A) estimated to be
Q86: Unemployment that is the result of recessions
Q87: Suppose the working age population in Tiny
Q88: During a recession, the<br>A) number of discouraged
Q89: The natural unemployment rate<br>A) is the same