Author Question: Nicholas does not possess marketable job skills; therefore, he is A) frictionally unemployed. B) ... (Read 72 times)

sam.t96 · **on:** Jun 29, 2018

Nicholas does not possess marketable job skills; therefore, he is

A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.

Question 2

Of the following, which is CORRECT?

A) Nominal GDP does not change when the production of goods and services increases.
B) Nominal GDP is not affected by changes in prices of goods and services.
C) Nominal GDP increases when the prices of goods and services increase.
D) Real GDP changes only when the prices of goods and services really change.