Deviations of the actual unemployment rate away from the natural rate are
A) the monetary rule. B) cyclical unemployment.
C) structural unemployment. D) frictional unemployment.
B
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Omitted variables
A) can cause hypothesis tests to be unreliable. B) require multiple regression analyses to find. C) are usually those with t-statistics less than the critical value. D) are usually outside the confidence interval.
In colonial times, the French guinea, the Spanish pistole, and the English crown circulated as money on the streets of New York, Boston, Baltimore, and Philadelphia and were exchanged readily for each other
Indicate whether the statement is true or false
Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 5 and MUb/Pb = 8. Ben should purchase:
A) more of A and less of B. B) more of B and less of A C) more of both A and B. D) less of both A and B.
What are “coordination failures” and why are they important for interpreting the macro economy?
What will be an ideal response?