The natural rate of unemployment is the amount of unemployment
A. that exists when the economy goes into recession.
B. equal to cyclical unemployment.
C. that exists when the economy is in an expansion.
D. equal to frictional plus structural unemployment.
Answer: D. equal to frictional plus structural unemployment.
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The purchase by an individual or firm of stock or bonds issued in another country is called
A) foreign exchange arbitrage. B) foreign portfolio investment. C) global stock exchange. D) foreign direct investment.
If a commercial bank borrows from the Federal Reserve, the price it pays is
A) zero, there is no payment. B) the prime rate. C) the federal funds rate. D) the discount rate.
The demand curve facing a firm is also the firm’s
A. total utility curve. B. average revenue curve. C. average utility curve. D. total revenue curve.
In the decade immediately following emancipation, former slaves
a. were willing to work under the gang system in return for wages and benefits. b. decreased their labor supply. c. obtained ownership of roughly 40 percent of southern farms. d. moved to northern states in large numbers.