Michelle F
New member
1. Idle human resources represent a loss of goods and services and, therefore, a loss of real income to society.
True
False
2. If leakages exceed injections, unemployment will result.
True
False
3. Minimum wage laws are beneficial to unskilled workers who do not have job security.
True
False
4. Cyclical unemployment is due primarily to a decline in aggregate supply.
True
False
5. The unemployment rate is the same for all demographic groups.
True
False
6. Reducing involuntary employment is not a major goal of monetary and fiscal policies.
True
False
7. An increase in the money supply increases aggregate demand.
True
False
8. Structural unemployment results from the economy experiencing a recession.
True
False
9. The lowest unemployment rate is found for those between the ages of 16 and 19.
True
False
10. An increase in the marginal propensity to consume will increase the size of the multiplier.
True
False
True
False
2. If leakages exceed injections, unemployment will result.
True
False
3. Minimum wage laws are beneficial to unskilled workers who do not have job security.
True
False
4. Cyclical unemployment is due primarily to a decline in aggregate supply.
True
False
5. The unemployment rate is the same for all demographic groups.
True
False
6. Reducing involuntary employment is not a major goal of monetary and fiscal policies.
True
False
7. An increase in the money supply increases aggregate demand.
True
False
8. Structural unemployment results from the economy experiencing a recession.
True
False
9. The lowest unemployment rate is found for those between the ages of 16 and 19.
True
False
10. An increase in the marginal propensity to consume will increase the size of the multiplier.
True
False