Refer to Table 17.1. The unemployment rate for this simple economy is
A) 6%.
B) 10%.
C) 20%.
D) 25%.
C
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Anticipated inflation is associated with cost increases which are fully expected
Indicate whether the statement is true or false
Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?
A) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion B) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion C) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion D) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion E) More information is needed about planned investment and actual investment.
Velocity is calculated as nominal GDP/money stock
a. True b. False Indicate whether the statement is true or false
What does an unexpected decrease in the growth rate of the money supply do to inflation and unemployment in the short-run? What does it do to inflation and unemployment in the long run?