The deviation of unemployment from its natural rate is called
a. the normal rate of unemployment.
b. deviant unemployment.
c. cyclical unemployment.
d. fluctuating unemployment.
c
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Which of the following statements correctly describes the curves in the figure?
A) Curve A could represent either the average product curve or the marginal product curve. Curve B represents the total product curve. B) Curve B could represent either the average product curve or the marginal product curve. Curve A represents the total product curve. C) The marginal product of labor curve is represented by curve B and the average product of labor curve is represented by curve A. D) The marginal product of labor curve is represented by curve A and the average product of labor curve is represented by curve B.
The Federal Reserve looks at the threshold of capital utilization rates as an indicator of inflationary pressures
Indicate whether the statement is true or false
Those who believe that market prices always incorporate all available information believe:
A. in the efficient-market hypothesis. B. that randomly choosing a stock is not as effective as technical or fundamental analysis. C. that current stock prices does not represent true value as correctly as is possible. D. All of these are true.
To the extent that current profits are directly related to future profits, a high price/earnings ratio would indicate that stocks are
a. inexpensive. b. expensive. c. going to increase in value in the future. d. most likely to fall in value if interest rates decline.