Author Question: When the economy switches production toward services and away from manufacturing and workers in the ... (Read 116 times)

CQXA · **on:** Jun 29, 2018

When the economy switches production toward services and away from manufacturing and workers in the manufacturing industry are permanently laid off

A) frictional unemployment decreases.
B) structural unemployment increases.
C) cyclical unemployment increases.
D) frictional and cyclical unemployment increase.

Question 2

The short-run aggregate supply curve shifts when

I. the full-employment quantity of capital changes.
II. technology advances.
A) I only
B) II only
C) neither I nor II
D) I and II