The natural rate of unemployment refers to the current unemployment rate
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Suppose the marginal propensity to consume (MPC) is 0.9 and there is a $3,000 increase in planned investment. Given this information, real GDP will increase by
A) $3,000. B) $2,700. C) $30,000. D) $3,333.
The amount of government expenditures on a project or program should continue to increase for as long as the marginal benefits exceed the marginal costs
a. True b. False Indicate whether the statement is true or false
Equating society's marginal benefits with marginal costs will ensure that the economically efficient level of either private or public goods is attained
Indicate whether the statement is true or false
By the third quarter of 2011, U.S. households had accumulated $6.2 trillion in housing equity, which represents about 11 percent of their net worth. What proportion of U.S. households own their home?
A. one-third B. one-half C. two-thirds D. three-fourths