The natural rate of unemployment is the
A. Amount of cyclical unemployment minus the anticipated rate of unemployment.
B. Rate that would occur if the structural deficit were zero.
C. Rate that corresponds to 3 percent inflation on the Phillips curve.
D. Long-term rate determined by structural forces in labor and product markets.
Answer: D
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Consumers allocate their budgets among bundles because
A) more is not always better. B) bundles are the most efficient way to package goods and services. C) consumers face choices and tradeoffs. D) they want to minimize trips to the store.
In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin b. Robert Fulton c. Thomas Jefferson d. Alexander Hamilton
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
The aggregate expenditure model focuses on the relationship between ___ and ___ in the short run, assuming ___ is constant
Fill in the blank(s) with the appropriate word(s).