Suppose the natural unemployment rate is 5 percent, the actual unemployment rate is 6 percent, and potential GDP is $5,000 billion. Based on Okun's Law, real GDP is equal to ________ billion
A) $4,000
B) $4,900
C) $5,900
D) $5,000
E) $5,100
B
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For a monopoly, marginal revenue is equal to
A) the amount people buy at a given price. B) the amount people buy between two prices. C) the change in total revenue brought about by a one-unit increase in quantity sold. D) the price multiplied by the quantity sold. E) the price of the product.
A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?
A. $22
B. $16
C. $10
D. $6
A bank has $390 million in assets and $330 million in liabilities. The bank's net worth is _____________ million and its leverage ratio is __________________
A) $360; 1.08 to 1 B) $60; 0.15 to 1 C) $40; 3.75 to 1 D) $60; 6.5 to 1
The United Mine Workers and the United Auto Workers are examples of ________ unions.
Fill in the blank(s) with the appropriate word(s).