The natural rate of unemployment will not change following an increase in ________ unemployment
A) frictional B) cyclical C) structural D) all of the above
B
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The Boy Scouts have so far sold 100 tickets for their upcoming raffle, but they sell an additional 12 tickets every day. The ________ is a stock variable, and the ________ is a flow variable.
A. number of tickets sold each day; total number of tickets available B. total number of tickets sold by the time of the raffle; number of tickets sold each day C. number of tickets sold each day; number of tickets sold so far D. number of tickets sold so far; total number of tickets sold by the time of the raffle
When exchange rates change and prices stay the same:
a. relative prices of traded goods in the two nations are unchanged. b. the price of foreign goods expressed in the home currency will always rise. c. imports get more expensive as the home currency depreciates. d. the price of foreign goods expressed in the home currency will always fall.
A combination of inflation and recession is called:
A. stagflation. B. deflation. C. infusion. D. disinflation.
If the percentage change in quantity supplied is 10%, and the percentage change in price is 5%, then the supply for the good is
A. inelastic. B. elastic. C. unit elastic. D. perfectly inelastic.