The unemployment rates during the last 10 years in the Eurozone was
A) constantly lower than the unemployment rate in the United States and not rising toward the U.S. unemployment rate.
B) constantly lower than the unemployment rate in the United States but were rising toward the U.S. unemployment rate.
C) more or less constant at 3 percent.
D) generally higher than the U.S. unemployment rate.
E) approximately equal to those in the United States, with some years the U.S. unemployment rate being slightly higher and in other years the U.S. unemployment rate being slightly lower.
D
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Why will there be less crowding out of private spending by government spending the less sensitive consumption, investment, and net exports are to changes in interest rates?
What will be an ideal response?
The impact lag facing the Fed is
A) the delay before open market operations are able to affect the monetary base. B) the delay before the Fed's announcement of a new policy has an impact on the decisions of the public. C) the time required for monetary policy changes to affect output, employment, and prices. D) the delay before the impact of a recession on output and prices becomes clear to the Fed.
The market for eyeglasses is monopolistically competitive. It follows that firms in the eyeglass industry: a. could earn economic profit in long-run equilibrium
b. could earn economic profit in short-run equilibrium. c. charge a price equal to marginal cost. d. charge a price equal to the minimum average total cost.
A cost of an activity that falls on people not engaged in the activity is called a(n):
A. negative externality. B. prisoner's dilemma. C. positive externality. D. external benefit.