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Author Question: An example of cyclical unemployment is a(n): a. textile worker permanently laid off due to job lost ... (Read 60 times)

craiczarry

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on: Jun 30, 2018
An example of cyclical unemployment is a(n):
 a. textile worker permanently laid off due to job lost to imports.
  b. autoworker who is temporarily laid off due to a decline in demand for cars.
  c. engineer permanently laid off due to advances in technology.
  d. computer programmer who leaves one job and accepts a new job.

Question 2

The nation has its own MPC. When national income increases from 300 billion to 400 billion, national consumption increases from 300 billion to 360 billion. At Y = 400 billion, the MPC is:
 a. 0.2.
  b. 0.5.
  c. 0.6.
  d. 0.67.
  e. 1.33.


xoxo123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


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