When full employment is present in the United States:
a. the rate of unemployment will fall to zero.
b. the actual rate of unemployment will be less than the natural rate of unemployment.
c. approximately 95 percent of the adult population will be employed.
d. approximately 95 percent of the labor force will be employed.
d
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The constitution of the European Union was approved in 2008
a. True b. False
The short-run aggregate supply (SRAS) curve shows the quantity
A) demanded of all goods and services at different price levels, ceteris paribus. B) supplied of all goods and services at a particular price level, ceteris paribus. C) supplied of all goods and services at different price levels, ceteris paribus. D) supplied of GDP at a particular price level, ceteris paribus.
The effect of an import quota is
A. to shift the supply curve up by the amount of the quota. B. to make the supply curve horizontal at the amount of the quota. C. to lead to a decrease in demand. D. to make the supply curve vertical at the amount of the quota.
If the demand for one good decreases when the price of another good increases, the two goods are ________ goods
A) normal B) inferior C) complementary D) substitute