The natural rate of unemployment is unemployment that occurs as a normal part of the functioning of the economy.
Answer the following statement true (T) or false (F)
True
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When we compare PAE and actual output (Y) if PAE is greater than Y we expect that:
A. eventually production will decrease. B. eventually production will increase. C. there will be no change in aggregate production. D. the government will intervene by cutting down on taxes.
PSD areas
a. were defined recently by an Executive Order issued by President Obama b. are those areas defined as ‘polluting source designated’ c. face more lenient emissions standards than nonattainment regions d. are no longer recognized in U.S. policy e. none of the above
Firms in a monopolistically competitive industry produce:
a. consumption goods only. b. differentiated products. c. homogeneous goods and services. d. competitive goods only.
Food and energy prices often complicate the measurement of inflation because...
What will be an ideal response?