The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the economy's current unemployment rate is 5.6 percent. The economy is in
A) an inflationary gap producing more than Natural Real GDP.
B) a recessionary gap producing more than Natural Real GDP.
C) an inflationary gap producing Natural Real GDP.
D) a recessionary gap producing less than Natural Real GDP.
E) long-run equilibrium.
E
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Using the information in Table 6.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. B) 38 percent. C) 42 percent. D) 49 percent.
Which of the following approaches does not offer an international dependence explanation of underdevelopment?
a. the false paradigm model b. the neoclassical counter-revolution c. the dualistic development model d. the neocolonial dependence model
In terms of employee retirement plans, many companies have been switching to
A. defined contribution plans, because this allows them to transfer the risk to the employee. B. defined benefit plans, because of the tax advantages of these plans. C. defined benefit plans, because this allows them to transfer the risk to the employee. D. defined contribution plans, because of the tax advantages of these plans.
Refer to Figure 3.2, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, if the market quantity supplied is 50, the price must be:
A. $0. B. $10. C. between $10 and $20. D. $30.