The work-related activities of a teacher and doctor fall under the resource category of _____________.
Fill in the blank(s) with the appropriate word(s).
labor
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If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?
What will be an ideal response?
Which of the following is considered a problem with active policy?
a. Estimating the potential output b. Forecasting aggregate demand c. Tools must already be in place to achieve results relatively quickly. d. All of the above are problems with the implementation of active policy
How did asset backed commercial paper (ABCP) rollover risk contribute to the financial crisis of 2007-2009?
What will be an ideal response?
The natural rate of unemployment is the estimated rate of unemployment that would prevail when ________ unemployment is zero
A) structural B) cyclical C) seasonal D) frictional