If the natural rate of unemployment equals 5 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A. 11 percent.
B. 1.2 percent.
C. ?1 percent.
D. 1 percent.
Answer: D
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The total product is 10 units. The average total cost is $30 and the average fixed cost is $10. What is the amount of the total variable cost?
A) $20 B) $200 C) $300 D) $10 E) It is impossible to determine with the information given.
Which of the following has not been promoted by HPAE?
A) Large job creation in the government sector B) Land reform C) Free basic health care D) Significant investments in rural infrastructure
Every six weeks, the Federal Open Market Committee (FOMC) meets to discuss monetary policy. This discussion is mainly focused on ________
A) information of the equilibrium real interest rate from the past three years B) the current month's release of the CPI by the BLS C) the three year projections of the equilibrium real interest rate D) the past 18 month history and future 18 month projections of the discount rate E) none of the above
A significant portion of the increase in state tax revenues from 1950 to 1970 was because _____
a. of high inflation b. of increased economic growth due to the Korean conflict c. many states adopted new tax bases they had previously not taxed d. increased property tax rates