Suppose a Report on the Internet Indicates That Job Prospects

question 65

Multiple Choice

Suppose a report on the internet indicates that job prospects for graduates are bright because full employment is achieved automatically.Economists are likely to

• A) be disappointed in the degree of economic understanding possessed by the author of the report
• B) be excited about the earning potential of new entrants into the labor market
• C) be anxious about inflationary indicators
• D) anticipate a recession
• E) encourage a tax cut to stimulate the economy

---

Definitions:

Frames

Cognitive structures that shape how individuals perceive and interpret information, often influencing the manner in which problems, situations, or events are viewed.

Bargainers

Individuals or parties involved in negotiations, attempting to reach an agreement that meets their interests.

Courses of Action

The range of actions or strategies that can be undertaken in a given situation or to achieve a particular goal.

Social Linkage

The connections and relationships among people or groups that facilitate communication, interaction, or cooperation.