When the actual inflation rate exceeds the expected inflation rate due to changes in aggregate demand:
a. Unemployment is below the natural rate of unemployment
b. Unemployment is above the natural rate of unemployment.
c. Unemployment equals the natural rate of unemployment.
d. Unemployment could be above, equal to, or below the natural rate of unemployment.
a
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Deregulation of the airline, trucking, telephone, and electric utility industries are examples of ________ policy.
A. fiscal B. monetary C. aggregation D. structural
Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data is unavailable?
A) Measurements of producer surplus B) Measurements of consumer surplus C) Measurements of balance of payments D) Measurements of urbanization
Portfolio investment and foreign direct investment are methods through which
A. ownership in assets are acquired in countries other than one's home country. B. U.S. residents invest funds in companies that export goods. C. short-term investments are converted to long-term ones. D. U.S. residents invest funds in companies that import goods.
The owner of a garage makes large contributions to a politician who is seeking the office of state governor. If his candidate wins, he will get the contract, which now resides with a competitor, to repair State Police vehicles. This is an example of
A. moral hazard. B. externality. C. rent seeking. D. investment.