Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?
A) The Soviet economy grew slowly because of the slow rate of technological change.
B) The Soviet economy grew because it added labor through immigration policy in the 1950s.
C) The Soviet economy increased capital per worker very slowly from 1950 through 1980.
D) The Soviet economy grew rapidly in the latter half of the 20th century.
Question 2
In 2015, JPMorgan Chase announced it was laying off employees. The employees who were laid off due to the business cycle would be considered
A) structurally unemployed. B) seasonally unemployed.
C) cyclically unemployed. D) frictionally unemployed.
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