One reason for the rise in the natural rate of unemployment from 1960 to 1980 is
A) changes in the demographic composition of the work force.
B) the decline in inflation.
C) increased competition from foreign workers.
D) the depreciation of the dollar relative to foreign currencies.
A
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Refer to Table 15-5. Suppose the table above illustrates the values of real and potential GDP and the price level if the Fed does not vote to change their current policy to be more contractionary or expansionary
Suppose that the Fed uses an appropriate policy and is successful in keeping real GDP at potential in 2017. State whether each of the following will be higher or lower than if the Fed had taken no action: a. Real GDP b. Potential real GDP c. The price level d. The unemployment rate
To be binding, a price ceiling must be set above the equilibrium price
a. True b. False Indicate whether the statement is true or false
The system we use to measure the value of an economy is called:
A. national income accounting. B. national expenditure accounting. C. macroeconomic summation. D. national economic valuation.
Specialization and trade are beneficial to society because:
What will be an ideal response?