In 2015, the unemployment in the U.S. was
A) 5%.
B) 11%.
C) 5.4%.
D) 4.6%.
C
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Happy Cows is a dairy farm that is currently earning $50,000 in economic profit. The managers of Happy Cows are considering adding a second dairy farm, which will generate an additional $10,000 in economic profit. It is economically sound for the managers of Happy Cows to add the second farm if, after accounting for the managerial diseconomies, the first farm's economic profits exceed ________.
A) $30,000 B) $40,000 C) $10,000 D) $20,000
Edward Prescott and Finn Kydland won the Nobel Prize in Economics in 2004 . One of their contributions was to argue that if a central bank could convince people to expect zero inflation, then the Fed would be tempted to raise output by increasing inflation. This possibility is known as
a. inflation targeting. b. the monetary policy reaction lag. c. the time inconsistency of policy. d. the sacrifice ratio dilemma.
When the U.S. government runs a deficit, the savings in the market for loanable funds shifts:
A. right, decreasing interest rates and increasing domestic investment and NCO. B. left, increasing interest rates and decreasing domestic investment and NCO. C. right, increasing interest rates, and increasing domestic investment and NCO. D. left, decreasing interest rates and increasing domestic investment and NCO.
Net tax is calculated by adding the amount collected as taxes by the government and the amount spent as transfer payments
a. True b. False Indicate whether the statement is true or false