In Macroeconomic Theories of National-Income Determination,short-Run Changes in Real GDP

question 104

Multiple Choice

In macroeconomic theories of national-income determination,short-run changes in real GDP are typically associated with changes in ________ unemployment.

• A)frictional
• B)structural
• C)cyclical
• D)voluntary
• E)efficiency-wage

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Definitions:

Control Group

In experiments, a group of subjects that does not receive the experimental treatment, serving as a baseline to compare the effects of the treatment.

Experimental Group

The group in an experimental setup that is exposed to the variable or condition being tested, as opposed to the control group.

Hypothesis

A testable statement about the nature of an observation or relationship. Compare with scientific theory.

Decomposers

Microbial heterotrophs that break down dead organic material and use the decomposition products as a source of energy. Also called saprotrophs or saprobes.