The sum of the ________ flows is equal to the cost of the goods and services at their final use.
Fill in the blank(s) with correct word
Answer: Income
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The main examples of macroeconomic coordination failures are
A. profit declines. B. relative price changes. C. recessions and depressions. D. consumer taste changes.
Who among the following is NOT frictionally unemployed?
A) Andrew, a teenager who has just entered the labor market looking for his first part-time job B) Barbara, who is re-entering the labor market after a divorce C) Charles, who was laid off from his factory job but expects to be recalled in a few weeks D) Diana, who has quit her job and is now looking for another
A government is most likely to use a reflationary policy:
a) In a recession b) In a boom c) When there is fast GDP growth d) When prices are increasing fast
The actual rate of unemployment will generally
What will be an ideal response?