If the nation's economy were always on its long-run growth path, then unemployment would be equal to
A) the natural rate of unemployment.
B) frictional unemployment.
C) cyclical unemployment.
D) structural unemployment.
A
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In the above figure, to achieve the efficient amount of paper production, the government could impose a tax of
A) $2 per ton. B) $8 per ton. C) $26 per ton. D) zero, because the efficient amount is produced with no government intervention.
According to the "beachhead effect," in order to undo the effects of a strong-dollar period, the real value of the dollar
A) must fall to at least half of its value before appreciation of the dollar began. B) must fall to the value it had before appreciation of the dollar began. C) must fall to a much lower level than it had before appreciation of the dollar began. D) must actually appreciate before it depreciates to undo the effects of a strong-dollar period.
Which of the following statements is correct?
a. Differences in human capital may explain differences in wages between blacks and whites. b. Racial discrimination is the strongest explanation for differences in wages between blacks and whites. c. Gender discrimination is the strongest explanation for differences in wages between blacks and whites. d. None of the above statements is correct.
Macroeconomics is mainly concerned with two topics. What are these two topics and how are they related to each other?
What will be an ideal response?