The natural rate of unemployment consists of frictional unemployment plus cyclical unemployment
Indicate whether the statement is true or false
FALSE
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What financial innovations helped banks to get around the bank branching restrictions of the McFadden Act?
What will be an ideal response?
If foreign residents purchase 30 billion pesos of Mexican assets and Mexican residents purchase 25 billion pesos of foreign assets, then Mexico has a net capital outflow of 5 billion pesos
a. True b. False Indicate whether the statement is true or false
Under oligopoly, a kinked-demand curve would explain why firms:
A. undertake new investment. B. are approximately the same size. C. avoid price wars. D. have different levels of efficiency.
A change in the average price level is called ________, while a change in the price of a specific good in comparison with other goods and services is called ________.
A. inflation; a change in a relative price B. a change in a relative price; inflation C. a price level adjustment; a quality adjustment D. a quality adjustment; a substitution bias