If the economy is producing ________, unemployment is at its natural rate
A) at an unemployment rate of zero B) at an inflation rate of zero
C) at potential GDP D) above potential GDP
C
You might also like to view...
Suppose the production function is Y = AK0.3N0.7. Suppose in 2000, K = 1000, N = 100, and Y = 199.5. In 2010, capital, labor, and output have doubled, so K = 2000, N = 200, and Y = 399
(a) By what percentage did productivity grow from 2000 to 2010? (b) If output had risen to 798 instead of 399, and capital and labor doubled, by what percentage would productivity have grown from 2000 to 2010?
Total U.S. government expenditures as a percentage of GDP were largest during which of the following periods of time?
a. The Great Depression. b. World War II. c. The Vietnam War. d. The Energy Crisis of the mid- and late-1970s.
If inflation increases, one would expect that the Fed would:
A. reintroduce unconventional policy. B. wind down unconventional policy more slowly. C. change unconventional policy to conventional policy. D. wind down unconventional policy more quickly.
Sellers who try to maintain or increase the demand for their product in the face of competition by improving its quality
What will be an ideal response?