The U.S. record is superior to that of Europe in ________
A) growth in real productivity.
B) real wage growth
C) growth in employment
D) All of the above
C
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The theory of rational expectations states that
a. expected inflation will be no different from actual inflation, on average. b. expectations are based on all possible information. c. individuals always act optimally. d. expected inflation will be lower than actual inflation.
Stephen R. Covey's book The 7 Habits of Highly Effective People has as the final 7th Habit the following:
a. Sharpen the saw b. Be proactive c. Synergize d. Think win-win
Compared to the natural rate of unemployment, the actual unemployment rate is:
A. always higher. B. always lower. C. always the same. D. higher in periods when GDP fails to grow at its normal rate.
In Figure 6.7 at equilibrium, consumer surplus is area:
A. A. B. A + B + C. C. E + F + G. D. G.