In August 2016,what percentage of the unemployed had been out of work for least six months? A) 8.3% B) 16.4% C) 25.5% D) 64.7%
By 2016,the fraction of the population working A) was at its highest level since the 1970s. B) was lower than its lowest level during the recession of 2007-2009. C) had not yet recovered to pre-recession levels. D) had not changed at all since the recession.
Which of the following is NOT a recommended solution proposed for the slow growth of employment during the economic expansion that began in 2009? A) expansionary monetary policy B) Congress and the president addressing structural problems C) the Fed reducing inflation by increasing its target for the federal funds rate D) expansion of aggregate demand through fiscal policy
If the economy experiences simultaneous negative aggregate demand and aggregate supply shocks,the new equilibrium price level ________ and the new equilibrium level of aggregate output ________. A) will he higher; will be lower B) will he lower; will be lower C) may be higher, lower, or not change; will be lower D) will be higher; may be higher, lower, or not change