Author Question: Cyclical unemployment: a. causes unemployment statistics to be understated. b. causes unemployment ... (Read 77 times)

torybrooks · **on:** Jun 30, 2018

Cyclical unemployment:
a. causes unemployment statistics to be understated.
b. causes unemployment statistics to be overstated.
c. occurs because of recessions.
d. occurs because of technological innovations in production.
e. only occurs with a zero inflation rate.

Question 2

The change in consumption divided by a change in income is called the:
a. consumption function.
b. marginal propensity to consume.
c. marginal propensity to spend.
d. spending function.
e. changing propensity to consume.