The natural rate of unemployment in the United States
a. has consistently equaled 6 percent
b. has increased as the federal budget deficit has fallen
c. is similar to the natural rate in European countries
d. has increased in recent years
e. is now unusually high because so many women have entered the labor force
D
You might also like to view...
Inventory is the stock of goods that a company:
A. produces this year, but keeps to sell them next year. B. produced last year, but had to sell for below cost. C. produces now but has contractually already sold it. D. produces and sells in a given time period.
The self-correcting mechanism is the reason that the economy will behave as the classical model predicts in the long run
a. True b. False
Which of the following is an accurate argument in support of market power?
A. It contributes to efficient production when there are diseconomies of scale. B. It restricts output and raises prices, contributing to more efficient use of resources. C. It provides greater ability to fund research and development. D. It provides the economic profit necessary for survival and efficient production in a market.
Explain why the tax multiplier is different from the government purchases multiplier, in both sign and relative magnitude
What will be an ideal response?