In a dynamic economy under ideal conditions, the unemployment rate
A) increases as the price level rises.
B) is greater than zero percent due to natural unemployment.
C) should be zero.
D) averages 6 percent.
E) decreases as the price level falls.
B) is greater than zero percent due to natural unemployment.
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Current offers to purchase or sell scarce goods take account of the wants of future generations
A) if government intervenes to give the future a current voice. B) if people are able to predict future prices. C) only if people are concerned for the welfare of others yet unborn. D) only rarely because people are predominantly selfish.
Each of the following is a source of financial capital for a corporation EXCEPT
A) issuing new stock. B) reinvestment of profit or retained earnings. C) issuing bonds or borrowing funds from a bank. D) dividends.
The price elasticity of demand for a printer is estimated to be 1 . This means that an increase in price by 10% will
a. Increase quantity demanded by 10% b. Decrease quantity demanded by 10% c. Increase demand by 10% d. Decrease demand by 10%
Will MPC plus MPS always equal one? Explain why or why not