Question

(6)
The average number of times per year the money supply changes hands is known as _________________.
(7)
Who believed that fluctuations in the business cycle were the result of class conflicts between labor and capital? Schumpeter Marx Rousseau Keynes
(8)
High cyclical unemployment is associated with economic downturns. new tariffs or trade agreements. transitional periods in which employees find better jobs. times of prosperity and growth in real GDP.
(9)
Which of the following cases is an example of structural unemployment? An accountant quits her job to become an investment banker. An auto worker is fired for poor job performance. A wheat farmer, whose income has plummeted because of a new trade agreement, quits farming and starts looking for a new job. A consultant is laid off because poor economic conditions have depressed the market for consultants.
(10)
The government is most likely to intervene when _____________ unemployment rises sharply. structural frictional seasonal cyclical

Answer 1

6.Velocity of money

Explanation: Velocity of money refers to the average number of times per year the money supply changes hands. It is denoted by 'V'.

7.Marx

Explanation: Marx explained economic phenomenon on the basis of class conflicts.

8. Economic Downturns

Explanation: Cyclical unemployment takes place because of recessions.