Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs in the U.S. Which pair of GDP growth rates and unemployment rates is realistic?
a. 10 percent, 1 percent
b. 2 percent, 12 percent
c. -1 percent, 8 percent
d. -2 percent, 2 percent
c
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Since capital gains are only taxed when an investor sells an asset and realizes the gain, a possible result is:
A) the locked-in effect B) double taxation C) an increase in capital losses D) limited liability
In a two-period model, as long as wealth effects are small, an increase in the world real interest rate
A) increases consumption and increases the current account surplus. B) increases consumption and decreases the current account surplus. C) decreases consumption and increases the current account surplus. D) decreases consumption and decreases the current account surplus.
Which one of the following statements is the most accurate?
A. An increase in disposable income worsens the current account. B. An increase in disposable income improves the current account. C. An increase in disposable income does not affect the current account. D. An increase in income worsens the current account.
?A person who works part-time is considered to be:
a. employed
b. unemployed.
c. out of the labor force.
d. overemployed.