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Social Science Clinic => Economics => Microeconomics => Topic started by: nramada on Jun 30, 2018

Title: Bob is unemployed because his skills have become obsolete due to technological advances. This is ...
Post by: nramada 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.

Title: Bob is unemployed because his skills have become obsolete due to technological advances. This is ...
Post by: Juro on Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

c