If the natural rate of unemployment equals 4 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A. 10 percent.
B. 2 percent.
C. 6 percent.
D. ?2 percent.
Answer: B
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Which of the following is most accurate about the period between the Civil War and World War I?
a. An increasing share of the U.S. population lived in rural areas. b. Unions pursued strategies of peaceful negotiation with employers. c. The average number of hours of work increased significantly during the period. d. The difference between male and female wages decreased.
Inflation can be defined as
A. a decrease in the purchasing power of money. B. no change in the purchasing power of money. C. an increase in real income. D. an increase in the purchasing power of money.
Suppose a perfectly competitive ukulele factory can produce 35 ukuleles at an output at which marginal cost equals marginal revenue. The price per ukulele is $1300 and the average total cost is $1500. What is the profit or loss that this furniture
factory is earning? A) $700.00 B) -$7,000.00 C) -$1,050.00 D) -$450.00
The stimulus package of 2009 had the effect of
A. reducing the primary government deficit. B. giving new foreign aid to help less developed countries. C. causing higher rates of inflation to occur. D. significantly raising the debt to GDP ratio.