When the economy moves into and out of recessions and expansions, the unemployment rate fluctuates around the
A) natural unemployment rate.
B) structural unemployment rate.
C) cyclical unemployment.
D) frictional unemployment rate.
A
You might also like to view...
The observation that the demand curve for grape jelly shifts rightward every time the price of peanut butter falls means that grape jelly and peanut butter are
A) complements. B) substitutes. C) inferior goods. D) normal goods.
Refer to Figure 11-11. In the short run, if the firm sells fewer than 5,000 picture frames per month
A) it should produce with the scale of operation associated with ATCc. B) it should produce with the scale of operation associated with ATCa. C) it should produce with the scale of operation associated with ATCb. D) it will experience constant returns to scale.
Real GDP values current output of goods and services at their current prices.
Answer the following statement true (T) or false (F)
The country with the lowest degree of central bank independence in the period 1973-88 was ________
A) Germany B) Japan C) The United States D) Spain