The observed unemployment rate is less than the natural rate of unemployment if:
a. the inflation rate is lower than expected.
b. the reservation wage is adjusted to account for higher inflation.
c. real wage increases with increase in prices.
d. reservation wages go up with the rate of inflation.
e. the inflation rate is higher than expected.
e
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Private saving is defined as
A) private disposable income minus consumption. B) net national product minus consumption. C) private disposable income minus consumption plus interest. D) private disposable income minus consumption plus interest plus transfer payments.
Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?
a. Price discrimination. b. Tying contract. c. Horizontal mergers by stock acquisition. d. Interlocking directorates.
Flat tax
A. is same tax rate to everyone. B. is same tax rate to each component of income. C. allows a tax base with no deductions with a few exemptions and expenses. D. is same tax rate to everyone and to each component of income only. E. all of these answer options are correct.
The category of unemployment that is a byproduct of geographic and occupational mobility and generally considered to be a limited problem is: a. frictional unemployment. b. underemployment
c. cyclical unemployment. d. structural unemployment.