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Social Science
Economics
Macroeconomics
Econ Exam 1 & 2
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unemployment rate for younger workers is usually ______ than the rate for older workers
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greater
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cstrehlowuky
Terms in this set (24)
unemployment rate for younger workers is usually ______ than the rate for older workers
greater
the largest component of planned aggregate expenditure is _____
consumption
A U.S company producing goods in India would ______
add to India's GDP but not the U.S
Nominal GDP ______ when the price of g&s ______
increases, increase
Full employment occurs when there is no ______
cyclical unemployment
Countries with small amounts of capital per worker tend to have ______ levels of real GDP per
person and ___ levels of average labor productivity.
low, low
Not enforcing property rights in an economy will
lower the level of investment
Net exports is negative if the value of imports _____ the value of exports
exceeds
Government transfer payments include _____ & ______
Social Security and Medicare
If the economy is slipping into a recession, ________ would be an appropriate fiscal policy
a decrease in taxes