In the depth of the Great Depression, the UR in Canada was about:
What will be an ideal response?
20 percent
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In the absence of productivity growth, in a steady-state economy
A) output per worker and consumption per worker remain constant over time. B) output per worker remains constant over time, but consumption per worker grows over time. C) output per worker grows over time, but consumption per worker remains constant over time. D) output per worker and consumption per worker both grow over time.
Which of the following is included in the study of macroeconomics?
A. wage rate of college students B. prices of automobiles C. unemployment in the nation D. price of silver and gold
At present, the majority of a nation's official reserve transactions are done by using foreign exchange assets instead of gold.
Answer the following statement true (T) or false (F)
A life insurance company is likely to require a health examination of a person applying for insurance. This helps reduce the informational problem through the process of:
A. screening. B. government regulation. C. signaling. D. creating an externality.