Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

Related Mcqs:

The expectations augmented Phillips curve was the Work of which group of economists ?

A. New classical economists B. Keynesian. C. Monetarists D. Marxists....

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

A. an implicit or social contract B. a relative-wage contract C. employment at will D. an explicit contract...

Potential GDP is the level of aggregate output ?

A. that can be produced if structural unemployment is zero B. that can be produced at a zero-unemployment rate C. that can be sustained in the long run without inflation D. that can be sustained in the long run, if the inflation rate is zero...

The Phillips curve indicates that there is a ?

A. negative relationship between the inflation rate and labor demand B. positive relationship between labor supply and the inflation rate C. positive relationship between the inflation rate and the employment the D. negative relationship between the inflation rate and the unemployment rate...

The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

A. increase reduce B. increase, increase C. reduce, increase D. reduce, reduce...