The natural rate of unemployment is sometimes taken as the sum of frictional unemployment and structural unemployment.
Answer the following statement true (T) or false (F)
True
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All of the following are real quantities except the:
A. millions of computer chips shipped to computer makers. B. tons of steel shipped to South America. C. number of new cars produced in one year. D. billions of dollars invested in stocks.
When the expected inflation rate? ________, the short?run Phillips curve? ________.
A. ?falls; shifts upward B. rises; shifts downward C. ?rises; shifts upward D. falls; does not shift E. rises; might shift upward or downward depending on how the long?run Phillips curve shifts
The graph of two variables, x and y, is a horizontal line. This result indicates that x and y are
A) positively related. B) negatively related. C) not related. D) falsely related.
In the figure above, if the market is unregulated, the price will be
A) $250 per unit. B) $200 per unit. C) $150 per unit. D) $100 per unit.