Look at the following data: The frictional unemployment rate is 1.5 percent, the natural unemployment rate is 4.5 percent, and the cyclical unemployment rate is -1 percent. The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent
A) 6; 3.5
B) 3; 5.5
C) 3; 3.5
D) 6; 5.5
C
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Suppose a farmer raising beef is making a normal profit. Then, because of a scare about mad cow disease, the demand for beef decreases drastically. What happens to the profits of the beef farmer in the short run and in the long run?
What will be an ideal response?
Changes in the real interest rate affect all of the following components of aggregate expenditure except
A) consumption. B) investment. C) government purchases. D) net exports.
Movements along a money demand curve reflect the effects of changes in the: a. price level on the quantity of money demanded
b. interest rate on the demand for money. c. real exchange rate on the demand for money. d. interest rate on the quantity of money demanded. e. potential GDP on the quantity of money demanded.
When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. require employers with 50 or more employees to provide approved health insurance for their employees or pay a $2000 fine annually for each full-time employee. b. expand the supply of doctors and other medical services. c. require all members of Congress and congressional staff employees to purchase their health insurance through the government operated exchanges. d. make it legal for individuals to purchase health insurance from an insurer in another state.