Dido loses her job because sales are slow at her firm, due to new technologies that make the firm’s work unnecessary. This is an example of ________ unemployment.
An unemployment rate that is below the natural rate indicate…
An unemployment rate that is below the natural rate indicates that there is some ________ unemployment, and we say that the economy is in a ______________.
Suppose the government reduces the number of weeks a worker…
Suppose the government reduces the number of weeks a worker who becomes unemployedcan collect unemployment insurance payments. This would cause ________ unemployment to ________.
Subway purchases tomatoes from a tomato farmer for $2,000, a…
Subway purchases tomatoes from a tomato farmer for $2,000, and bread from a bakery for $3,000. They then use these, and other ingredients to create sandwiches that are sold to customers for $8,000. How much does total gross domestic product (GDP) increase by?
You get a pay raise and feel richer even though your raise d…
You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as
Consider the data to answer the following question: Count…
Consider the data to answer the following question: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000 500 D $10,000 2,000 E $8,000 800 Using the information from the previous table, which country has the lowest average living standard?
In Nation A, the price index rises from 110 to 120 in a part…
In Nation A, the price index rises from 110 to 120 in a particular year. In the same year, the price level rises from 120 to 130 in Nation B. This means
When actual unemployment (u) is equal to its natural rate (u…
When actual unemployment (u) is equal to its natural rate (u*), the
Which of the following is a sign that an economy is in poor…
Which of the following is a sign that an economy is in poor health?
Consider an economy producing below its full employment outp…
Consider an economy producing below its full employment output level (Y*). In this case the unemployment rate (u) is