When the economy is at full employment, the
A) natural unemployment rate is equal to 0 percent.
B) natural unemployment rate equals the unemployment rate.
C) natural unemployment rate is equal to 10 percent.
D) unemployment rate is equal to 0 percent.
E) frictional unemployment rate is equal to 0 percent.
B
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Holding other factors constant, if food prices decline relative to the prices of other products, then the real wages of agricultural workers will ________ and employment of agricultural workers will ________.
A. increase; increase B. decrease; not change C. increase; decrease D. decrease; decrease
The steeper the short-run aggregate supply curve over the relevant range, the more contractionary monetary policy will reduce prices and the less it will decrease real output
a. True b. False Indicate whether the statement is true or false
Which of the following is true of a covered bond?
A. In case of covered bonds, the obligation of the loan remains with the originating bank that gives out the loan. B. In case of covered bonds, the obligation of the loan immediately transfers to the institution taking the loan. C. A covered bond is the same as a mortgage-backed security except that it is more popular in the United States than in Europe. D. A covered bond is the same as a mortgage-backed security except that it is more popular in the Europe than in the United States.
Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. If you make 1,000 t-shirts, your average total cost is ________.
A. $3.10 B. $10.30 C. $3 D. $1.03