The "natural" rate of unemployment is the unemployment rate toward which the economy gravitates in the
a. short run, and the natural rate is constant over time.
b. long run, and the natural rate is constant over time.
c. short run, and the natural rate changes over time.
d. long run, and the natural rate changes over time.
d
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Looking at the historical values for annual inflation in the United States as measured by the Consumer Price Index, it is clear that inflation was
A) higher on average during the 1990s than during the 1970s. B) higher on average during the 2000s than during the 1970s. C) never less than 0 percent at any time during the last 50 years. D) higher on average during the 1970s than during the 1980s. E) was never greater than 10 percent at any time during the last 50 years.
Explain the relationship among the capital stock, gross investment, net investment, and depreciation
What will be an ideal response?
In the above table, the government sector balance is a
A) surplus of $200 billion. B) deficit of $200 billion. C) surplus of $100 billion. D) deficit of $100 billion.
Which of the following makes it difficult to regulate a monopolistically competitive market?
A. It is difficult to assess the costs. B. It may stifle innovation if firms can’t make economic profit. C. There are many firms with different costs of similar products. D. All of the above are true.