Under the natural rate hypothesis, expansionary monetary and fiscal policies can at best produce a:
a. permanent change in the unemployment rate.
b. short-run change in the unemployment rate.
c. permanent change in the inflation rate.
d. short-run change in the long-run Phillips curve.
b
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In 2014, approximately 47 percent of the U.S. public debt was held by
A) investment firms. B) individuals. C) private companies. D) foreigners.
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
Suppose that an accounting firm with 10 employees hires another accountant. By doing so, it goes from serving 30 customers each week to serving 32 customers each week. What is the marginal product of labor for the new accountant?
A. 32 B. 2 C. 62 D. 10
A factory of 100 American workers just closed. Assuming the data in the table apply perfectly to the workers’ situation, about how many of them will find work by the end of 26 weeks?
a. 27
b. 35
c. 63
d. 78