When an economy produces its potential output, _____ is zero.
Fill in the blank(s) with the appropriate word(s).
cyclical unemployment
You might also like to view...
Pollution problems
A. have existed for many centuries. B. are attributable to modern industrialization. C. can be blamed on the profit system. D. have worsened in every respect in the past 40 years.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
The Federal Open Market Committee (FOMC) regulates markets and enforces antitrust laws to keep markets open and competitive.
Answer the following statement true (T) or false (F)
When the number of substitutes increase, the demand curve for a monopolist will
A. become steeper. B. become more inelastic. C. become more elastic. D. not change.