Unemployment
a. usually decreases whenever nominal GDP decreases.
b. usually increases whenever real GDP decreases.
c. usually decreases whenever nominal GDP increases.
d. usually increases whenever the price level increases.
b. usually increases whenever real GDP decreases.
You might also like to view...
The developing countries have been catching up to the lower-income industrial countries in terms of economic growth
Indicate whether the statement is true or false
Suppose a negative income tax program is established at 25 percent, and a poverty threshold minimum of $15,000 is guaranteed for a family of four. What is the highest income a family could earn in the workplace before being cut out of the government program?
a. $20,000 b. $15,000 c. $18,750 d. $60,000 e. $10,000
A group of producers that agree to set common pricing or output goals is known as a
A) cartel. B) conglomerate. C) perfect competitor. D) monopoly.
Refer to the diagram. The marginal propensity to consume is:
A. .4.
B. .6.
C. .5.
D. .8.