"Natural unemployment" includes those out of work because of
A) expected or normal turnover which will always characterize a part of the labor force.
B) structural unemployment caused by normal technological change in production.
C) a recession.
D) A and B.
D
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
When Sam Snerd decides to reduce his savings account by $20,000 to purchase a new car with cash, he is using money that is included in our definition of M1, M2 and M3
Indicate whether the statement is true or false
If the United States exports wheat to foreign countries that levy tariffs on wheat imports, the probable result is that the price of wheat will
a. fall in foreign countries. b. rise in the United States. c. rise in foreign countries. d. rise faster in the United States than in foreign countries.
The North American Free Trade Agreement
a. is an example of the unilateral approach to free trade. b. eliminated tariffs on imports to North America from the rest of the world. c. reduced trade restrictions among Canada, Mexico and the United States. d. All of the above are correct.