If the frictional unemployment rate is 2 percent, the structural unemployment rate is 3 percent, and the overall unemployment rate is 9 percent, how much is the cyclical unemployment rate?
What will be an ideal response?
9 - 5 = 4 percent
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Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to real GDP in 2015 was ________ and in 2016 was ________.
A. $80,000; $88,000 B. $80,000; $90,000 C. $88,000; $90,000 D. $80,000; $99,000
In the extended classical model, an unanticipated increase in the money supply would cause output to ________ and the price level to ________ in the short run
A) increase; increase B) decrease; remain unchanged C) remain unchanged; increase D) decrease; decrease
A rightward shift in the aggregate supply curve is generally associated with a reduction in resource prices
a. True b. False Indicate whether the statement is true or false
Savings and loan associations are not a financial intermediary
a. True b. False