If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the:
A. frictional unemployment rate is 5 percent.
B. cyclical unemployment rate and the frictional unemployment rate together are 5 percent.
C. cyclical unemployment rate is 4 percent.
D. natural rate of unemployment will eventually increase.
C. cyclical unemployment rate is 4 percent.
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In a closed economy, which of the following components of GDP is not included?
A) net exports B) consumption C) investment D) government spending
The phrase, "Google stock soared Friday, continuing Wall Street's love affair with the company," implies that Google's earnings were much more than it was expected in that quarter
a. True b. False Indicate whether the statement is true or false
Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar
a. True b. False Indicate whether the statement is true or false
Suppose a local food truck, representing a small part of an overall very large market, can sell 20 hamburgers for $100 total and can sell 30 hamburgers for $150 total. Which of the following is NOT true?
A. The total revenue of the 20th hamburger is $5. B. The price of a hamburger is $5. C. The marginal revenue for the 30th hamburger is $5. D. The marginal revenue for the 20th hamburger is $5.