The rate of inflation increases when
A) the unemployment rate equals the NAIRU.
B) the unemployment rate exceeds the NAIRU.
C) the unemployment rate is less than the NAIRU.
D) the unemployment rate increases faster than the NAIRU increases.
C
You might also like to view...
If the demand curve is horizontal, then demand is:
A. perfectly elastic. B. perfectly inelastic. C. unit elastic. D. elastic.
In a city that has rent control for apartments, there is
A. a shortage of renters in the city. B. a surplus of apartments available to rent. C. less turnover of apartments. D. neither a surplus nor a shortage of apartments.
How can we anticipate the proportion of a newly imposed unit excise tax that consumers will pay?
A. Consumers will pay most of the tax whenever their demand for the product is very price sensitive. B. Consumers will pay most of the tax whenever their demand for a product is relatively unresponsive to price changes. C. Consumers will always pay 100 percent of an excise tax. D. Since producers always pay 100 percent of an excise tax, we know consumers will not pay any of the tax.
Based on its current rate of growth, health care spending as a percentage of GDP through Medicare, Medicaid, and other U.S. government programs is expected to
A) stabilize within the next 20 years. B) account for a majority of spending as a percentage of GDP within 5 years. C) slow down during this decade. D) double over the next 40 years.