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Author Question: One major reason that economists are concerned about unemployment is that A) unemployment always ... (Read 123 times)

erika

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  • Posts: 522
on: Jun 29, 2018
One major reason that economists are concerned about unemployment is that
 
  A) unemployment always leads to frictional unemployment.
  B) unemployment reduces the size of the labor force.
  C) unemployment shifts the production possibilities curve outward.
  D) the economy is producing less output than if there were full employment.

Question 2

When Country X has high economic growth, this country has
 
  A) a high level of real Gross Domestic Product (GDP).
  B) a high level of per capita real Gross Domestic Product (GDP).
  C) a large increase in per capita real Gross Domestic Product (GDP).
  D) a large increase in personal income.


jointhecircus

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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