When actual real GDP is equal to the natural real GDP, the unemployment rate is
A) zero.
B) at its "natural" rate.
C) accelerating.
D) decelerating.
B
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In the above figure, suppose the economy is initially at point A. People come to expect the future U.S. exchange rate to be lower. As a result, there is a change from point A to a point such as ________
A) point B B) point C C) point D D) point E
Based on the current rate of growth, health care spending as a percentage of GDP through Medicare, Medicaid, and other U.S. government programs is expected to
A) double over the next 40 years. B) stabilize within the next 20 years. C) slow down during this decade. D) account for a majority of spending as a percentage of GDP within 5 years.
A worker is hired in a
A) goods and services market. B) government market. C) product market. D) factor market.
In the short run, even if a monopoly's total revenue does not cover its variable costs, it should continue to produce because ultimately in the long run, the monopoly will start earning profits
Indicate whether the statement is true or false