Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 20, Problem 10SQ
To determine

The indication of the aggregate demand curve.

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Which of the following statements is true about the U.S.​ economy?   A. Each​ year, many new jobs are​ created, but few existing jobs are​ destroyed, and the unemployed find jobs quickly.   B. Each​ year, few new jobs are​ created, but few existing jobs are​ destroyed, keeping unemployment low.   C. Each year few jobs are​ created, and therefore it takes the unemployed a long time to find a new job.   D. Each​ year, many new jobs are created and many existing jobs are destroyed.
The 1970's period of stagflation involved a. relatively high unemployment.   b. relatively high inflation.   c. relatively low economic growth.   d. high economic expansion.   e. a, b, and c.
Assume the classical view of the labor market. An auto worker is laid off. After looking for a job for some time he is offered a lower paying job, but does not take it because he believes he can do better. The worker is   OA. not considered unemployed because he will eventually take the lower paying job.   OB. considered unemployed, but the labor market is working properly.   OC. not considered unemployed, and the labor market is working properly.   OD. considered unemployed, and the labor market is not working properly.
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