A non-policy reason for the reduction in the natural rate of unemployment is the
a. expansionary nature of monetary policy.
b. aging of the U.S. labor force.
c. decline in interest rates.
d. growing federal budget surplus.
b
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Per capita GDP can be defined as
A. GDP per employed worker. B. GDP per unit of capital. C. GDP per person. D. GDP per unit of unemployment.
Using the data in the above table, if the government sector runs a deficit of $250 billion and net exports equal -$500 billion, then saving must equal
A) $450 billion. B) $250 billion. C) $1,350 billion. D) $400 billion.
Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the reserves account and monetary base in the context of the Three-Sector-Model? a. The reserves account falls and monetary base falls
b. The reserves account rises and monetary base falls. c. The reserves account and monetary base remain the same. d. There is not enough information to determine what happens to these two macroeconomic variables.
Comparative advantage leads to producing at a:
A) higher opportunity cost. B) lower opportunity cost. C) higher dollar cost. D) point where costs just begin to fall.