Multiple Choice
Because it lowers the amount of output per person,unemployment results in
A) a shift in the economy's production possibilities frontier
B) increased workers' incomes
C) optimism about economic growth
D) a lower standard of living
E) rapid inflation
Correct Answer:

Verified
Correct Answer:
Verified
Q3: In mid-2009,the unemployment rate stood at<br>A) 25
Q4: Why is inflation considered a problem?<br>A) Firms
Q5: Who was the economist that began modern
Q6: Recessions are identified by<br>A) severe and long-lasting
Q7: If a factory hires 1,000 new workers,the
Q9: The phase of the business cycle characterized
Q10: During the contraction phase of the business
Q11: "Output fell 2 percent last quarter" is
Q12: Which of the following indicates that the
Q13: The Employment Act of 1946 directed the