When is the U.S. economy at full employment?
a. When there is no cyclical unemployment
b. When there is no structural unemployment
c. When there is no full employment
d. When there is no seasonal unemployment
e. When there is no frictional unemployment
A
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In the figure above, an increase in z leads to a
A) movement down along one of the lines showing the relationship between x and y. B) rightward shift of the line showing the relationship between x and y. C) trend change in both x and y. D) leftward shift of the line showing the relationship between x and y. E) movement up along one of the lines showing the relationship between x and y.
Which of the following is NOT one of the ways a budget surplus can be used?
A) to allow private saving to fall without any need for a decline in total investment B) to stimulate domestic investment C) to reduce foreign investment D) to increase the amount of borrowing from foreigners
Which of the following is true of seasonal unemployment?
a. It is not included in calculating the natural rate of unemployment. b. It is reflected in the GDP gap. c. It is always present, even in a healthy economy. d. It causes the natural rate of unemployment to rise. e. It inflates potential GDP.
During the last tax year you lent money at a nominal rate of 6 percent. Actual inflation was 1 percent, but people had been expecting 1.5 percent . This difference between actual and expected inflation
a. transferred wealth from the borrower to you and caused your after-tax real interest rate to be 0.5 percentage points higher than what you had expected. b. transferred wealth from the borrower to you and caused your after-tax real interest rate to be more than 0.5 percentage points higher than what you had expected. c. transferred wealth from you to the borrower and caused your after-tax real interest rate to be 0.5 percentage points lower than what you had expected. d. transferred wealth from you to the borrower and caused your after-tax real interest rate to be more than 0.5 percentage points lower than what you had expected.