Neither monetary policy nor any government policy can change the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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Markets
A) facilitate trade. B) allow traders to enjoy gains from trade. C) coordinate price information between buyers and sellers. D) All of the above answers are correct.
Refer to Table 2-3. Assume Dina's Diner only produces sliders and hot wings. A combination of 80 sliders and 100 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
According to your textbook, profit is a payment to
a. capital in the resource market b. labor in the entrepreneurial market c. capital in the product market d. entrepreneurship in the product market e. entrepreneurship in the resource market
Which component of aggregate demand is involved in the wealth effect caused by a price level change?
a. government purchases b. investment c. consumption d. disposable income