In the United States, estimates of the natural rate of unemployment in recent years have varied between
A) 0 percent and 2 percent. B) 0 percent and 4 percent.
C) 5 percent and 6.5 percent. D) 2 percent and 4 percent.
C
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Which characteristic would best be associated with perfect competition?
A. price takers B. product differentiation C. nonprice competition D. few sellers
An unexpected rise in the Purchasing Managers' Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
The level of production that minimizes long-run average total costs is referred to as the:
A. economically efficient level of production. B. minimum efficient level of production. C. minimum profitable level of production. D. technically efficient level of production.
The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
A. lower risk for the bank, this is why they follow this strategy. B. credit risk. C. trading risk. D. interest-rate risk.