Author Question: Unemployment is good from a social point of view because A) it keeps wages in check. B) it ... (Read 77 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
Unemployment is good from a social point of view because
 
  A) it keeps wages in check.
  B) it allows for better matches between workers and firms.
  C) it provides free time.
  D) it keeps the least efficient workers out.

Question 2

When a permanent negative supply shock hits the economy ________.
 
  A) in the long-run, output is permanently lowered whether the central bank reacts or not
  B) inflation decreases in the short-run
  C) there is no long-run effect on inflation whether the central bank reacts or not
  D) all of the above
  E) none of the above



spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

For a complete list of videos, visit our video library