If the full-employment rate of unemployment is 5 percent, and the economy is experiencing a 7 percent unemployment rate, what is the rate of cyclical unemployment?
a. 7 percent
b. 12 percent
c. -2 percent
d. 5 percent
e. 2 percent
E
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What will be an ideal response?
Having a refundable deposit for recyclable material
A) raises the marginal private cost of disposal. B) raises the marginal social cost of disposal. C) lowers the marginal private cost of disposal. D) lowers the marginal social cost of disposal. E) does not affect disposal costs.
From 1990 to the year 2000, real federal spending rose about 21 percent, while from 2000 to 2010, real federal spending rose by about
a. 17 percent. b. 30 percent. c. 59 percent. d. 112 percent.
The trade-off between physical capital and current consumption:
A. involves giving up more current consumption for rich countries, since they have so much. B. is easier for poorer countries than rich ones. C. involves giving up less current consumption for poor countries, since they have little. D. is harder for poorer countries than rich ones.