The natural rate of unemployment is also called:
A) non-accelerating inflation rate of unemployment.
B) accelerating inflation rate of unemployment.
C) accelerating deflation rate of unemployment.
D) none of the above.
A
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The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes are zero when real GDP equals
A) $300 billion. B) $500 billion. C) $900 billion. D) $700 billion. E) $800 billion.
"It's a competitive world out there and holding on to export markets is difficult.". The government can do little to help if
a. its producers operate in a competitive market b. its exchange rate depreciates c. it pursues a budgetary surplus d. it pursues lower interest rates than those in other countries e. the economy's productivity is persistently lower than other countries'
A trade deficit occurs when:
A. government revenue exceeds government spending. B. exports exceed imports. C. exports are less than imports. D. government spending exceeds government revenue.
Milly Miser removes $250,000 from her mattress and opens a checking account. This single transaction immediately increases the money supply by
A. $250,000. B. $50,000. C. $0. D. ?$250,000.