Author: Anonymous

Brandon Walsh is having difficulty finding a new job. Many of the available jobs require a prospective employee to possess at least a 4-year college degree in a related field of study. Brandon graduated from high school, spent two semesters taking classes at community college, but never earned a college degree. Which type of unemployment best describes Brandon’s situation?

Suppose the US dollar appreciates against foreign currencies. How will the US economy be impacted by this event?

Suppose that private banks tighten requirements for lending money to consumers and entrepreneurs, making it more difficult for loans to be obtained. How will the US economy be impacted by this event?

Suppose the University of Michigan’s Survey of Consumers reports a three consecutive month increase in measures of consumer confidence in the health of America’s economy. How will the US economy be impacted by this event?

Viewpoint #1: Supply creates its own demand.Viewpoint #2: Demand creates its own supply.

Which level of government in the US has the ability to respond in a countercyclical manner to events in the economy?

Which of the following is most likely to reduce the level of cyclical unemployment?

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: