Author: Anonymous

The type of unemployment that economists generally associate with normal growth of the labor force and expanding job opportunities in a dynamic economy is:

Suppose the price of a barrel of oil increases dramatically in the world market. How will the US economy be impacted by this event?

Within the context of the AD-AS Model, cost-push inflation is illustrated as:

Economist John Keynes was concerned that during a short-run macro equilibrium, the economy could experience:

The type of unemployment that increases most when teenagers look for temporary summer jobs is:

The type of unemployment that economists generally associate with normal growth of the labor force and expanding job opportunities in a dynamic economy is:

John lost his job as an accountant in October of 2017. He looked for a new accounting position for three years, but his search was unsuccessful. Now, he has concluded that there were very few jobs available in the economy, and he no longer looks for work. Which term below best describes John’s situation?

Which of the following is NOT one of the central questions studied in Macroeconomics since the Great Depression?

When calculating GDP for America, the value of imports is:

   The Consumption Spending (C) component of the GDP statistic takes on a value that is closest to: