In an economic expansion, people used their charge cards to purchase many goods. Now the economy is in a recession and people must use much of their reduced incomes to pay back debts. If employees manufacturing the goods people used to buy are laid off, they will suffer from:
a. cyclical unemployment.
b. structural unemployment.
c. permanent unemployment.
d. frictional unemployment.
e. underemployment.
Question 2
If your income increases from 30,000 to 40,000 and your savings increases from 2,000 to 4,000 . your marginal propensity to save (MPS) is:
a. 0.2.
b. 0.4.
c. 0.5.
d. 0.8.
e. 1.0.
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
In middle childhood, children are increasingly able to understand other people’s thoughts, ...
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
Migration and Global Economy
economic question
economic question