Deviations of the actual unemployment rate from the natural rate of unemployment are called
A. seasonal unemployment.
B. frictional unemployment.
C. underemployment.
D. cyclical unemployment.
Answer: D
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Discuss the differences between Absolute PPP and Relative PPP
What will be an ideal response?
Which statement is false?
A. Differences in wage rates are partially explained by differences in productivity. B. In general, when output per labor-hour increases, real wages rise by a larger percentage. C. The demand for labor in a particular market is the sum of all the firms' MRP curves. D. If you are earning $20,000 a year today and you were to earn $40,000 a year 10 years from now, your money wages have increased.
Which of the following is a major benefit of international lending?
A. It requires reducing restrictive international trade practices in the lending and the borrowing countries. B. It allows some lenders to shift their lending to foreign borrowers who are willing to pay higher interest rates on the loans.. C. It eliminates exchange rate risk in financial activities. D. It allows both small countries and large countries to apply similar levels of optimal taxes on the international loans.
If exchange rates end up in the right ranges, the free market will drive each country to shift resources into those sectors in which it enjoys a comparative advantage.
Answer the following statement true (T) or false (F)