Bob is unemployed because his skills have become obsolete due to technological advances. This is ...

Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
 a. frictional
  b. structural
  c. cyclical
  d. abnormal

QUESTION 2

If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
 a. 1.
  b. 9.
  c. 10.
  d. 90.

QUESTION 3

The V in the equation of exchange represents the:
 a. variation in the GDP.
  b. variation in the CPI.
  c. variation in real GDP.
  d. average number of times per year a dollar is spent on final goods and services.

QUESTION 4

When individuals are unemployed because they lack the qualifications to fill available jobs, this is called:
 a. frictional unemployment.
  b. natural unemployment.
  c. cyclical unemployment.
  d. structural unemployment.

QUESTION 5

According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is:
 a. 20.
  b. 10.
  c. 500.
  d. 1,000.
  e. 200.

QUESTION 6

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
 a. 5.
  b. 1.
  c. 2.
  d. 5.

QUESTION 7

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:
 a. frictional unemployment.
  b. structural unemployment.
  c. cyclical unemployment.
  d. a higher labor force participation rate.