Deviations of the actual unemployment rate away from the natural rate are
A. cyclical unemployment.
B. frictional unemployment.
C. the monetary rule.
D. structural unemployment.
Answer: A
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Using Scenario 1 calculate the total cost of pollution when both steel companies are allowed to pollute only one million gallons of thermal water each but the rights to pollute are genuine property rights sanctioned and protected by the government
and therefore tradable.
Suppose the real exchange rate is 5/4 of a Canadian textbook per U.S. textbook , a U.S. textbook costs $150, and a Canadian one costs 120 Canadian dollars. To the nearest penny, what is the nominal exchange rate?
a. .64 Canadian dollars per U.S. dollar b. 1 Canadian dollar per U.S. dollar c. 1.56 Canadian dollars per U.S. dollar d. None of the above is correct.
A fall in the price of domestic resources will shift the aggregate:
A. demand curve leftward. B. supply curve leftward. C. supply curve rightward. D. demand curve rightward.
Refer to the information. The administrative lag of fiscal policy is reflected in events:
Answer the question on the basis of the following sequence of events involving fiscal policy: (1) The composite index of leading indicators turns downward for three consecutive months, suggesting the possibility of a recession. (2) Economists reach agreement that the economy is moving into a recession. (3) A tax cut is proposed in Congress. (4) The tax cut is passed by Congress and signed by the president. (5) Consumption spending begins to rise, aggregate demand increases, and the economy begins to recover. A. 1 and 2. B. 2 and 3. C. 3 and 4. D. 4 and 5.