The earnings of a Spanish factory with British owners are
A) counted in Spain's GDP.
B) part of Britain's GNP.
C) only counted in Britain's GDP.
D) only part of Spain's GNP.
E) counted in Britain's GDP and are a part of Spain's GNP.
E
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If the Fed lowers the inflation rate and initially expected inflation does not change, in the short run the unemployment rate ________, and in the long run the unemployment rate ________ the natural unemployment rate
A) does not change; is greater than B) rises; is greater than C) falls; is equal to D) rises; is equal to E) does not change; is equal to
Describe two ways that public policy could reduce the natural rate of unemployment
What is Italy's opportunity cost of producing 5 pairs of shoes?
When the economy is at full? employment, which types of unemployment? remain?
What will be an ideal response?