Author Question: Sally lost her job when her company went out of business because of a recession. This is an example ... (Read 123 times)

wenmo · **on:** Jun 30, 2018

Sally lost her job when her company went out of business because of a recession. This is an example of:
a. frictional unemployment.
b. structural unemployment.
c. cyclical unemployment.
d. technological unemployment.

Question 2

If your income increases from 40,000 to 48,000 and your consumption increases from 35,000 to 39,000 . your marginal propensity to consume (MPC) is:
a. 0.20.
b. 0.40.
c. 0.50.
d. 0.80.
e. 1.00.