The unemployment rate:
a. Always rises when the employment rate rises.
b. Has more reliable components (in terms of measurability) than the employment rate.
c. Is considered to be a poorer measure of business cycle activity than the employment rate.
d. Tends to be more stable than the employment rate.
e. None of the above.
.C
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Gross national product is defined as
A) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States. B) the value of final goods and services produced within the United States, by United States residents. C) the value of final goods and services produced outside of the United States. D) the value of final goods and services produced within the United States.
Money market deposit accounts are included in
A) only M1. B) only M2. C) M1 and M2. D) neither M1 nor M2.
Why will it difficult for the Fed to use monetary policy to direct the economy back to full employment and price stability from the recession of 2008-2009?
What will be an ideal response?
What are the conditions necessary to produce neither an “under allocation” nor “over allocation” of resources?
Please provide the best answer for the statement.