If unemployment equals the natural unemployment rate, then there
A) is zero unemployment.
B) is only frictional or structural unemployment.
C) are no job openings existing at the time.
D) is less than full employment.
B
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When positive externalities are present, it means that:
A. individuals don't take into account all the benefits associated with their market choice. B. society bears part of the cost borne of private transactions. C. individuals consume more than the social optimum. D. All of these statements are true.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and reserve-related (central bank) transactions become more negative (or less positive). b. The GDP Price Index and reserve-related (central bank) transactions remain the same. c. The GDP Price Index falls, and reserve-related (central bank) transactions remains the same. d. The GDP Price Index rises, and reserve-related (central bank) transactions become more positive (or less negative). e. The GDP Price Index rises, and reserve-related (central bank) transactions remains the same.
The Federal Reserve banks accept deposits from individuals and banks.
a. true b. false
If the output per acre of land triples, then the productivity of an acre of land
A. has been cut by two-thirds. B. has been cut by one-third. C. has tripled. D. has increased.