This topic contains a solution. Click here to go to the answer

Author Question: Frictional unemployment refers to: a. people who are out of work and have no job skills. b. short ... (Read 84 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
Frictional unemployment refers to:
 a. people who are out of work and have no job skills.
  b. short periods of unemployment needed to match jobs and job seekers.
  c. people who spend relatively long periods out of work.
  d. unemployment related to the ups and downs of the business cycle.

Question 2

Assume the economy is in recession and real GDP is below full employment. The marginal propensity to consume (MPC) is 0.50, and the government follows Keynesian economics by using expansionary fiscal policy to increase aggregate demand (total spending). If an increase of 1,000 billion aggregate demand can restore full employment, the government should:
 a. increase spending by 250 billion.
  b. decrease spending by 500 billion.
  c. increase spending by 1,000 billion.
  d. increase spending by 500 billion.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aham8f

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

b

Answer to Question 2

d




haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

For a complete list of videos, visit our video library