1 of 55 (47 complete The macroeconomic problems in the Eurozone economy that the

Question

1 of 55 (47 complete The macroeconomic problems in the Eurozone economy that the ECB is seeking areinflation and unemployment. O A. high; low OB. low; high O C. high; high O D. low low Choose the statement that is incorrect. O A. Cyclical unemployment results in part from generous unemployment O B. The European Union has structural unemployment benefits. Structural unemployment results in part from high man mum wages. generous welfare payments, and extensive regulation of the labor market. C. O D. The European Union has cyolical unemployment. The ECB can help with unemployment b O A. both cyclical and structural; monetary policy that increases aggregate O B. cyclical:; monetary policy that increases aggregate demand lowers the O c. cyclical, monetary policy can increase aggregate demand and increase O D. structural; the ECB can implement policies to lower minimum wage rates Click to select your answer demand can eliminate both cyclical and structural unemployment minimum wage rate and aids in deregulating the labor market the quantity of labor employed 110 Use the Study Plan to practice and master personalized study recommendations Run script "naTorr,%20183610242%203,%20".%20false);" MacBook Air

Explanation / Answer

a) Low inflation and high unemployment. The answer is "B".

b) "A",

Cyclical unemployment is caused because of the business cycle and not unemployment benefits. Frictional unemployment is because of unemployment benefits.

c) "C"

Monetary policy can help in increasing the demand and quantity of labour employed.  

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