Natural rate of unemployment - a × (?ctual inflation - Expected inflation) =
a. Quantity of goods and services demanded.
b. Quantity of goods and services supplied.
c. Unemployment rate.
d. Previous year's inflation rate.
c
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With a monetary growth rule as proposed by the monetarists, during a recession the rate of growth of the money supply would
A) not change. B) increase. C) decrease. D) decrease or increase depending on economic conditions.
Which of the following items would be considered scarce?
A) water B) diamonds C) potato chips D) All of the above are scarce.
If real interest rates in the US are increasing faster than real interest rates in other countries, which of the following is most likely to occur?
a. the demand for dollars will decrease, and the value of the dollar will increase b. the demand for dollars will increase, and the value of the dollar will increase c. the supply of dollars will decrease, and the value of the dollar will increase d. the supply of dollars will increase, and the value of the dollar will increase e. the supply of dollars will increase, and the value of the dollar will decrease
Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Figure 24.5Refer to Figure 24.5. If the economy is in equilibrium and the government increases taxes by $50 billion, equilibrium aggregate output ________ to $________ billion.
A. decreases; 1,550 B. decreases; 1,400 C. increases; 2,000 D. decreases; 1,450