Economists say that the economy is at "full employment" when the
A) total unemployment rate is zero. B) structural unemployment rate is zero.
C) cyclical unemployment rate is zero. D) frictional unemployment rate is zero.
C
You might also like to view...
________ unemployment is NOT associated with economic fluctuations
A) Frictional B) Cyclical C) Structural D) both A and C
In their study of the effect of legalized abortion on crime rates, Steven Levitt and John Donohue applied
A. positive economic analysis. B. normative economic analysis. C. the principle of individual sovereignty. D. value judgments.
The local car dealership has an increase in inventory of 100 newly produced cars in 2015 . In 2016, it sells all 100 cars. Which of the following statements is correct?
a. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP. b. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP. c. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP. d. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP.
When policy changes are temporary, then:
a. exchange rates do not change. b. expectations do not change. c. interest rates do not change. d. expectations can change based on results.