Actual real GDP this year is expected to exceed last year's by two percent, while the annual growth rate of natural real GDP is three percent. This is enough to lead us to expect that this year's unemployment rate will be
A) below last year's and below the natural rate of unemployment.
B) below last year's but still above the natural rate of unemployment.
C) below last year's.
D) above last year's.
E) above last year's and above the natural rate of unemployment.
D
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Refer to the table below. The equilibrium price in this market is:Price PerUnitColumn A UnitsPer YearColumn B UnitsPer Year$2010040$309550$408060$506570$605080
A. nonexistent. B. between $20 and $30. C. between $30 and $40. D. between $40 and $50.
Which of the following events will increase the domestic real interest rate in an open economy?
A. A decrease in the domestic saving B. An increase in net capital inflow C. An increase in domestic saving D. A decrease in the perceived riskiness of investing in the domestic economy
Refer to the figure above. If John spends his entire income on tables, how many tables can he purchase?
A) 8 B) 10 C) 30 D) 40
International trade allows a country's consumption possibilities to exceed its production possibilities.
Answer the following statement true (T) or false (F)