The ________ in unemployment that occurs during recessions and depressions is called ________ unemployment.
A. increase; natural
B. increase; frictional
C. increase; cyclical
D. decrease; structural
Answer: C
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Along the short-run Phillips curve SRPC0 the expected inflation rate is
A) 7 percent. B) 3 percent. C) 6 percent. D) an amount that can be determined from the figure, but none of the above answers is correct. E) an amount that cannot be determined from the figure.
A consumer values a car at $30,00 . and a producer values the same car at $20,000 . If the transaction is completed at $24,000 . what level of tax rate will result in unconsummated transaction?
a. 0% b. 25% c. 20% d. 40%
Does the Federal Reserve operate like an ordinary commercial bank? What is the Fed's job?
Buskin's Corporation has issued 2 million shares of stock. Its earnings were $10 million, of which it retained 40 percent. What was the dividend per share?
a. $2. b. $3. c. $5. d. $8.