According to your textbook, the following is the prime cause of traffic congestion:
A) Population growth
B) The American automobile industry
C) Most roadway space is not priced.
D) A lack of commitment to public transportation expansion
C
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Which of the following factors could cause the economy to experience supply-side inflation?
A) increased security about jobs and future income B) Develop new technology to increase productivity. C) government laws which say that the average work week must be reduced by one hour every year D) Increase the number of immigrants allowed into the country.
In 2014, which component of GDP had a negative value?
A) investment B) government spending C) net exports D) consumption
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is:
a. 30. b. 60. c. 85. d. 90. e. 70.
When the unemployment rate ________ the natural unemployment rate, real GDP ________ potential GDP.
A) is greater than; is less than B) equals; is greater than C) is less than; is less than D) equal; is less than E) is greater than; equals