During the 1980s and early 1990s, it was believed that the natural rate of unemployment in the U.S. was equal to
A) 4%.
B) 4.5%.
C) 5%.
D) 6.5%.
E) 7%.
D
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for blu-ray discs. Which panel best describes what happens in this market if there is a substantial increase in the price of blu-ray players?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Table 36-2 ? Domestic ? ? ? GDP Expenditure ? Exports Imports Total Expenditures (Y) C+ I + G (X) (IM) C+ I + G + (X?IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ In Table 36-2, assume that exports rise to $900. How large is the multiplier?
A. 5 B. 4 C. 2.5 D. 2
Which of the following is an example of a price control policy?
a. Increasing the income tax rate b. Setting a minimum wage level c. Mandating a 2 percent tax on imported automobiles d. Mandating higher taxes on alcoholic beverages in the state
Which of the following is not an automatic stabilizer:
a. Personal income taxes. b. Business profits taxes. c. Welfare payments. d. Government spending for new bridges and roads.