ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Long run macroeconomics focuses on economic growth and cyclical
unemployment . True or False
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- Unemployment rates are spread evenly over segments of the population in different education categories. Asses the validity of this statement. True, unemloyment is a macroeconomic phenomenon affecting all of us equally False, higher levels of education are associated with lower unemployment rates as well as higher wages True, unemployment even influences highly educated and skilled workers as jobs become automated False, individuals without specialized skills can find jobs more easily since they can perform general tasks that are needed in many sectors.arrow_forwardChoose the following topic that would likely not be studied by a macroeconomist. a rise in unemployment claims the gross domestic product (GDP) of Latin American countries the cycle of economic growth and economic decline the 2019 profit of the country's biggest retailerarrow_forwardAn individual worker is laid off because his firm is in financial trouble. Why would this event be of more interest to a microeconomist than to a macroeconomist?arrow_forward
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