The designation "natural" implies that the natural rate of unemployment
a. is desirable.
b. is constant over time.
c. is impervious to economic policy.
d. does not go away on its own even in the long run.
d
You might also like to view...
The organization responsible for determining the start- and end-dates of a recession is
A) the National Bureau of Economic Research. B) the Bureau of Economic Analysis. C) the Federal Reserve. D) the U.S. Department of Labor.
For many developing countries, natural resources or agricultural commodities make up a ________ share of exports
A) large B) moderate C) nonexistent D) small E) insubstantial
Which of the following explains why the demand for money curve has an inverse relationship between the interest rates and the quantity of money demanded?
a. As the interest rate rises, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. b. As the interest rate rises, people find it advantageous to borrow money, which increases the quantity of money demanded. c. As the interest rate falls, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. d. As the interest rate rises, the demand for money curve shifts outward to the right.
Which of the following is expected to increase aggregate demand in the short run?
a. Deficit budget b. Surplus budget c. Zero based budget d. Balanced budget