When persons underestimate inflation (when actual inflation exceeds the expected rate), actual unemployment will
a. exceed the natural rate of unemployment.
b. equal the natural rate of unemployment.
c. fall below the natural rate of unemployment.
d. increase if the government is running a budget deficit and decrease if a budget surplus is present.
C
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In the late 1920s, you could buy $10,000 worth of stock by putting down as little as
A. $100. B. $1,000. C. $2,500. D. $5,000.
Which components of aggregate expenditure change as a result of real GDP changing?
A) consumption expenditure, investment, and government expenditure on goods and services B) consumption expenditure and investment C) consumption expenditure and imports D) consumption expenditure and government expenditure on goods and services E) consumption expenditure, investment, and exports
When I buy an $12.00 movie ticket rather than two paperback books, the opportunity cost of going to the movie is the two paperback books I did not buy
Indicate whether the statement is true or false
Which of the following is a unique characteristic of the oligopolistic market structure?
a. low barriers to entry b. a large number of firms c. product differentiation d. mutual interdependence among firms