The natural rate of unemployment is likely to fall if:
a) Unemployment benefits increase
b) Income tax increases
c) More training is available for the unemployed
d) Geographical immobility increases
Answer: c) More training is available for the unemployed
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The multiplier can be calculated by dividing
A. one by one minus the marginal propensity to invest. B. one by one minus the marginal propensity to save. C. the change in real GDP by the initial change in spending. D. the initial change in spending by the change in real GDP.
The slope of a production possibilities frontier
A) is always varying. B) measures the opportunity cost of producing one more unit of a good. C) has no economic relevance or meaning. D) is always constant.
Both the Federal Reserve System in the United States and the European Central Bank are comprised of geographically dispersed Banks. How might such decentralization contribute to successful monetary policy?
What will be an ideal response?
If a coin is flipped two times, what is the probability of a tail appearing on both tosses?
A) 0.25 B) 0.75 C) 1.0 D) 0.50