Potential GDP is reached when
A) unemployment is zero.
B) there is no cyclical unemployment.
C) unemployment is above full employment.
D) unemployment is below full employment.
E) the natural unemployment rate equals zero.
B
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A time endowment is
A. the number of hours in a day. B. a gift of time that a person receives. C. the maximum number of hours in a year that a person can work. D. the largest amount of time that can be spent at leisure. E. all of these answer options are correct.
In a model with money neutrality, how much should the money supply be increased to obtain a 1% increase in real output?
A) -1% B) between 0 and 1% C) 1% D) It cannot be done.
What are some measurement issues involved in accurately measuring poverty?
What will be an ideal response?
The set of fiscal policies that would be most contractionary would be a(n):
A. Increase in government spending and taxes B. Decrease in government spending and taxes C. Increase in government spending and a decrease in taxes D. Decrease in government spending and an increase in taxes