When the actual unemployment rate is less than the natural unemployment rate, the economy is in a recessionary gap
Indicate whether the statement is true or false
False
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Which one of the following statements is TRUE?
A) Over the years, real consumption spending has been more volatile than real investment spending. B) In the Keynesian model, changes in the volume of real investment spending are fully explained by changes in the real interest rate. C) Domestic real investment in the United States was highest during the Great Depression. D) Over the years, real investment spending has been more volatile than real consumption spending.
JC's music production company provides artists with studio time and a backing band to record with. In providing the rhythm track, JC can employ drum machines or drummers
Regardless of the quantity of output JC produces, he can substitute two drummers with one drum machine—drum machines tire out less quickly). Draw a few isoquant lines (with numbers) reflecting this production function for the rhythm track. Determine the function representing this production process.
When a country occasionally buys or sells currencies to influence the exchange rate, but usually lets market forces determine the exchange rate, it has a:
A. fixed exchange rate. B. partially-flexible exchange rate. C. flexible exchange rate. D. gold standard.
Which practice helps health insurance companies overcome the problem of adverse selection?
A. They sell insurance only to unhealthy people. B. They sell insurance only to healthy people. C. They have switched to the experience rating system. D. All of these.