Which of the following would reduce the natural rate of unemployment?
a. both an increase in the rate of money growth and increased unemployment compensation
b. an increase in the rate of money growth but not increased unemployment compensation
c. an increase in unemployment compensation but not an increase in the rate of money growth.
d. neither an increase in unemployment compensation nor an increase in the rate of money growth.
d
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If price is above the average variable cost but below the average total cost of a representative firm in a competitive industry
a. There will be new industries blooming over time b. There will be an interest in the industry over time c. There will be an exit from the industry over time d. All of the above e. None of the above
The United States imports cheese from a variety of countries. The table above gives the domestic supply of, and demand for, cheese in the United States. The world price of cheese is $12 per pound, and trade is unrestricted
a. How many pounds of cheese are consumed in the United States? b. How many pounds of cheese are produced in the United States? c. How many pounds of cheese are imported into the United States? If a $3 per pound tariff is imposed, d. How many pounds of cheese are consumed in the United States? e. How many pounds of cheese are produced in the United States? f. How many pounds of cheese are imported into the United States? g. How much will the U.S. government collect in tariff revenue? h. Who benefits from the tariff? Who loses?
In the economy of Talikastan in 2015, consumption was $1000, GDP was $1950, government purchases were $500, and investment was $700 . What were Talikastan's net exports in 2015?
a. -$250 b. $250 c. $2200 d. Net exports cannot be calculated from the information given.
Assume the graph shown shows Bobbi's budget constraint. If hairbands cost $5, then Bobbi's income to spend on these two items must be:
A. $8. B. $40. C. $6. D. Cannot be determined without more information.