If the natural rate of unemployment in a country is 6% and the unemployment rate in the country is 8%, the cyclical unemployment in the country must be:

A) 8%. B) 6%. C) 14%. D) 2%.


D

Economics

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Economists agree that the CPI

A) is a near perfect measure of the cost of living. B) has no relation to the cost of living. C) is a possibly biased measure of the cost of living. D) almost always shows the cost of living rising less rapidly than is the case in reality. E) overstates inflation by about 4.1 percentage points a year.

Economics

Exhibit 30-5

?


Refer to Exhibit 30-5.  If a positive externality exists then the socially optimal output is

A. Q1. B. Q2. C. Q1 - Q2. D. Q2 - Q1.

Economics

If the income elasticity of money demand is 3/4 and the interest elasticity of money demand is -1/4, by what percent does money demand rise if income rises 10% and the nominal interest rate rises from 4% to 5%?

A. 6.25% B. 7.50% C. 5.00% D. 1.25%

Economics

When government agents use real-life data on bank loans to determine if males and females are treated equally, they are using the statistical technique called

A. regression. B. auditing. C. quadratification. D. standard deviating.

Economics