The natural unemployment rate is ________ unemployment rates
A) the sum of the turnover and cyclical
B) the sum of the turnover and mismatch
C) the sum of the structural and cyclical
D) the sum of the structural, cyclical, and frictional
E) the cyclical minus the mismatch
B
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An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; reduces B. decrease; raises C. increase; reduces D. increase; raises
What is the shape of the AFC curve and why does it have this shape?
What will be an ideal response?
The aggregate demand curve shows
A) a direct relationship between changes in the price level and changes in real GDP. B) real GDP does not change as the price level changes. C) an inverse relationship between the price level and real GDP. D) an inverse relationship between changes in the price level and changes in nominal GDP.
When an individual's wage rises, the substitution effect tends to
a. increase hours worked. b. decrease hours worked. c. leave hours worked unchanged. d. it is impossible to predict what will happen to hours worked.