Assume that for the fourth quarter of 2012, nominal GDP was $245 billion, potential real GDP was $260 billion, and the GDP deflator was 112. According to Okun's law, the cyclical unemployment rate during the fourth quarter of 2012 was
A) 2.9%.
B) 3.1%.
C) 8.0%.
D) 8.4%.
C
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What are the implications of the law of conservation of matter and energy for recycling and waste disposal?
Usury is considered the charging of
A. higher interest rates than people are willing to pay. B. lower interest rates than people are willing to pay. C. unconscionably high interest rates. D. extremely low rates of interest.
Twisted Root is a local Dallas-based burger restaurant. It is likely a: ______
Fill in the blank(s) with the appropriate word(s)
Economists tend to see taxing an action that produces a negative externality as:
A. the second best solution possible, but often unattainable. B. the best solution possible and often the most attainable. C. the best solution possible, but often unattainable. D. the second best solution possible but one that is attainable.