The natural rate of unemployment
a. is constant over time.
b. varies over time, but can't be changed by the government.
c. is the socially desirable rate of unemployment.
d. does not depend on the rate at which the Fed increases the money supply.
d
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The longer you have to wait to receive a payment,
A) the lower the interest rate you will charge on the payment. B) the more you are willing to discount the payment. C) the greater value it will have to you. D) the less value it will have to you.
Crowding out, following an increase in government spending, results from (the exchange rate is the foreign exchange price of the domestic currency)
A) higher interest rates and a lower exchange rate. B) lower interest rates and a lower exchange rate. C) lower interest rates and a higher exchange rate. D) higher interest rates and a higher exchange rate.
From the expected value of a game, we
A) cannot determine the risk. B) can determine the risk. C) can determine exactly how much a player will receive. D) can infer the subjective probabilities of each possible outcome.
Explain the significance of voting with suitable examples