As compared to the estimates of the natural rate of unemployment for the United States, those for Europe are:
A. the same.
B. higher.
C. lower.
D. higher and more variable.
Answer: B
You might also like to view...
Unequal incomes can arise from: a. discrimination
b. worker preferences. c. differences in educational backgrounds. d. all of the above.
If the Fed wants to lower the money supply
A) it should lower the discount rate. B) it should buy bonds. C) it should lower the reserve requirement. D) it should sell bonds.
When the required reserve ratio is decreased:
a. the excess reserves of member banks are reduced, but the money multiplier is not affected. b. the excess reserves of member banks are reduced, and the money multiplier is increased. c. the excess reserves of member banks are increased, but the money multiplier is not affected. d. the excess reserves of member banks are increased, and the money multiplier is increased.
As the price of flour (an input in the production of cookies) increases, firms that produce cookies will:
A. increase the supply of cookies. B. increase the quantity of cookies supplied. C. decrease the quantity of cookies supplied. D. decrease the supply of cookies.