One reason for the rise in the natural rate of unemployment from 1960 to 1980 is
A. the decline in inflation.
B. increased competition from foreign workers.
C. changes in the demographic composition of the workforce.
D. the depreciation of the dollar relative to foreign currencies.
Answer: C
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Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?
A) A B) B C) C D) There is insufficient information on the graph to answer this question.
In the long run, all firms in a perfectly competitive industry
A) earn economic profits. B) break even. C) suffer economic losses. D) sell differentiated products to earn economic profits.
Without money, no transaction can occur
a. True b. False Indicate whether the statement is true or false
Why can’t the government sell surplus agricultural products it has purchased domestically?
What will be an ideal response?