In both New Zealand and Canada, what has happened to the unemployment rate since the countries adopted inflation targeting?
A) The unemployment rate increased sharply.
B) The unemployment rate remained constant.
C) The unemployment rate has declined substantially after a sharp increase.
D) The unemployment rate declined sharply immediately after the inflation targets were adopted.
C
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Economists emphasize the importance of ____ in analyzing demand.
A. quantity B. market potential C. wants and needs D. price E. sales opportunities
Which of the following relationships is CORRECT?
A) Net Investment = Gross Investment + Depreciation B) Consumption expenditure = Net Investment - Depreciation C) Gross Investment = Net Investment + Depreciation D) Depreciation = Gross Investment - Consumption expenditure
Long-term economic growth requires a permanent:
a. decline in the average price level. b. leftward shift of the vertical Phillips curve. c. rise in the natural rate of unemployment. d. leftward shift of the aggregate demand curve. e. rightward shift of the vertical aggregate supply curve.
Market power is
A. The ability to alter the market price of a good or service. B. A characteristic of all market structures. C. Enjoyed by all firms at high levels of output. D. Most common for competitive firms.