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Author Question: Bob is unemployed because his skills have become obsolete due to technological advances. This is ... (Read 125 times)

nramada

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


nramada

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Reply 2 on: Jun 30, 2018
Excellent

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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