The natural rate of unemployment:
A. can vary over time and will differ across countries.
B. can vary over time but tends to be the same across countries.
C. tends to remain constant over time but at different levels for different countries.
D. tends to remain constant over time and is the same across countries.
Answer: A
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If consumers buy a large number of plug-in electric cars, the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________
A) rise; decrease B) not change; increase C) fall; increase D) fall; decrease E) rise; increase
Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696This country has a ________.
A. deficit in the financial account B. trade surplus C. surplus in the financial account D. deficit in the capital account
A devastating war that kills people and destroys buildings will:
What will be an ideal response?
Nominal income per person in the United States in 1960 was about $2,800 per year, while in 1990 nominal income per person was about $21,000. This indicates that
A. people enjoyed a standard of living about 7.5 times higher in 1990 than in 1960. B. the average person would consider him/herself about 7.5 times happier in 1990 than in 1960. C. nominal income was about 7.5 times greater in 1990, but we can't tell if this increase is due to inflation, economic growth, or a combination of the two. D. a dollar in 1960 was worth less than a dollar in 1990.