Economists at the Congressional Budget Office estimated that for 2015, the U.S. natural rate of unemployment was
a. 2.8%
b. 3,.6%
c. 4.9%
d. 6.2%
c
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Use the following diagrams to answer the next question.
Assume the economy is on aggregate demand AD1. The Fed should ________.
A. move from MS1 to MS3 to raise interest rate and raise investment B. move from MS1 to MS3 to raise interest rate and lower investment C. move from MS1 to MS2 to lower interest rate and lower investment D. move from MS1 to MS2 to lower interest rate and increase investment
The four largest firms in an industry account for the following value of industry sales: 12 percent, 8 percent, 5 percent and 4 percent. Calculate the four-firm concentration ratio. Would this industry be regarded as competitive or concentrated?
What will be an ideal response?
GDP per capita is:
A. highly correlated with quality of life. B. perfectly correlated with quality of life. C. loosely correlated with quality of life. D. negatively correlated with quality of life.
Frictional unemployment is a "necessary" cost of a dynamic economy
a. True b. False Indicate whether the statement is true or false