Which one of the four statements below is NOT like the others?

A. "The actual rate of unemployment is below the NAIRU."
B. "Actual GDP is higher than potential GDP."
C. "The NAIRU is lower than the natural rate of unemployment."
D. "The natural rate of unemployment is higher than the actual rate of unemployment."


Answer: C

Economics

You might also like to view...

A ________ yield curve predicts a future increase in inflation

A) steeply upward sloping B) slight upward sloping C) flat D) downward sloping

Economics

A perfectly inelastic demand:

A. means people will quickly change the quantity they purchase when price changes. B. means people will not respond to any change in price. C. is demonstrated by a perfectly horizontal demand curve. D. has an absolute value greater than 1.

Economics

There are some special types of goods for which supply cannot change, irrespective of the length of time allowed for change, such as Beethoven symphonies. The price elasticity of supply for these goods is _____

a. infinite b. nonexistent c. negative d. zero e. unity

Economics

U.S. corporations are not motivated to protect the interests of small shareholders

a. True b. False

Economics