The natural rate of unemployment is:
a. Fixed and unchanging in the long-run.
b. The rate that governments should use as their goal, in the sense that they should apply prudent monetary and fiscal policies to achieve it.
c. The unemployment rate to which a nation gradually moves if the real wage is free to fluctuate and the nation's actual inflation rate equals its expected inflation rate.
d. Basically a long term goal that no country every really achieves, but it serves as a Northern Star for policy makers.
e. None of the above.
.C
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Experimental effects, such as the Hawthorne effect,
A) generally are not germane in quasi-experiments. B) typically require instrumental variable estimation in quasi-experiments. C) can be dealt with using binary variables in quasi-experiments. D) are the most important threat to internal validity in quasi-experiments.
IBM and Sara Lee are two of the biggest firms in the United States, but they produce different products. Could they legally merge, or would their merger be struck down by the courts?
The costs of unemployment to an individual out of work are larger now than in the 1930s
a. True b. False Indicate whether the statement is true or false
How much is saving when disposable income is $6 trillion?
