Macroeconomists are concerned about changes in the unemployment rate because changes in the unemployment rate provide information about
A) the state of the economy.
B) the welfare of those who are unemployed.
C) none of the above
D) both A and B
D
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By the end of 2011, the federal debt was about
A. $20 billion. B. $80.6 billion. C. $1 trillion. D. $10.1 trillion.
The market supply curve is found by
A) horizontally summing all individual supply curves. B) vertically summing all individual supply curves. C) Either A or B above since they both give the same answer. D) None of the above.
Deflation refers to unemployment accompanied by severe inflation
a. True b. False Indicate whether the statement is true or false
In the Friedman-Phelps analysis, when inflation is less than expected, the unemployment rate is less than the natural rate
a. True b. False Indicate whether the statement is true or false