A nonpolicy reason for the reduction in the natural rate of unemployment is the
A. expansionary nature of monetary policy.
B. aging of the U.S. labor force.
C. decline in interest rates.
D. growing federal budget surplus.
Answer: B
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Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
Private costs are the same as
A) implicit costs. B) social costs. C) public costs. D) internal costs.
Arbitrage causes an equalization of the _________ when assets are identical or nearly identical
A. levels of risk of assets B. rates of return of assets C. time when payments are made from assets D. prices of assets
What approach to fairness argues in favor of government policies that redistribute income so that there is more equality of income?
What will be an ideal response?