Answer the following questions true (T) or false (F)
1. Unemployment caused by a business cycle recession is called cyclical unemployment.
2. The natural rate of unemployment consists of frictional unemployment plus structural unemployment.
3. The natural rate of unemployment consists of frictional unemployment plus cyclical unemployment.
1. TRUE
2. TRUE
3. FALSE
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Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.056.04.5Based on this data, which years reflect a short-run change in aggregate demand?
A. 1, 3, and 5 B. 2, 3 and 4 C. 1, 2, and 3 D. 3, 4, and 5
What is the future value of $1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
percent?
National defense is an example of a _____________________.
Fill in the blank(s) with the appropriate word(s).
A tax on suppliers will cause the supply curve to shift
A. up. B. down. C. right. D. left.