The natural rate of unemployment is
a. the rate of unemployment caused by frictional plus structural unemployment
b. the actual rate of unemployment less structural unemployment
c. structural, frictional, and cyclical unemployment
d. full employment less structural unemployment
e. the civilian population that is out of work and actively seeking a job
A
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The marginal social cost of production is the
A) marginal private cost plus the marginal external cost. B) same as the marginal cost of any externality. C) total cost of any externality. D) marginal private cost minus the marginal external cost.
What is the difference between marginal and average tax rates? Under what marginal and average tax rate conditions would an income tax be progressive?
What will be an ideal response?
Participation in Part B of Medicare is
a. applicable to supplemental hospital payments. b. applicable to nursing home stays c. voluntary. d. involuntary. e. none of the above.
A change in the reserve requirement is the tool used least often by the Fed because it:
A. Does not affect bank reserves. B. Can cause abrupt changes in the money supply. C. Does not affect the money multiplier. D. Has no impact on the lending capacity of the banking system.