Multiple Choice
The difference between the number of workers employed if the economy was operating at full employment and the number of workers currently employed given aggregate expenditures is known as
A) cyclical unemployment
B) frictional unemployment
C) structural unemployment
D) unemployment is not possible in the short run macro model
E) urban unemployment
Correct Answer:

Verified
Correct Answer:
Verified
Q195: Everything else being equal,a higher interest rate<br>A)
Q196: If the marginal propensity to consume is
Q197: Which of the following is the definition
Q198: Which of the following is not true
Q199: In the short-run macro model,what type of
Q201: If the MPC is 0.8 and disposable
Q202: The expenditure multiplier acts on changes in
Q203: Suppose GDP is $4,000 billion and aggregate
Q204: Which of the following describes the relationship
Q205: If autonomous consumption is $5,000,the MPC is