An economy's natural rate of unemployment is the
a. economy's long-run target level of unemployment.
b. amount of unemployment that the economy normally experiences.
c. lowest rate of unemployment the economy can achieve.
d. All of the above are correct.
b
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If the number of sellers decreases, then the supply curve ________ and the supply ________
A) shifts rightward; increases B) shifts leftward; decreases C) does not shift; does not change, but there is a decrease in the quantity supplied D) shifts leftward; increases E) shifts rightward; decreases
If a country produces only two goods, then it is not possible to have a comparative advantage in the production of both those goods
Indicate whether the statement is true or false
Since mid-2000, the Fed's only operating target has been
A) M2 money supply growth. B) the discount rate. C) the consumer price index. D) the federal funds rate.
In many countries, laws regarding firing and hiring mainly affect businesses with 50 or more workers. What effect has this had on the businesses?
a. More businesses have 49 or fewer workers. b. Fewer businesses have 49 or fewer workers. c. It has no effect on employment decisions. d. Businesses grow faster to lower the costs of these laws.