[Answered] Bob is unemployed because his skills have become obsolete due to technological advances. This is ...

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nramada

Hero Member
Posts: 580

on: Jun 30, 2018

Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
a. frictional
b. structural
c. cyclical
d. abnormal

Question 2

If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
a. 1.
b. 9.
c. 10.
d. 90.

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Juro

Sr. Member
Posts: 337

Reply #1 on: Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

c

nramada

Member
Posts: 580

Reply 2 on: Jun 30, 2018

Thanks for the timely response, appreciate it

emsimon14

Member
Posts: 344

Reply 3 on: Yesterday

TYSM

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