The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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If the marginal propensity to save (MPS) increases, the multiplier
A) decreases. B) can either increase or decrease, depending on what happens to the marginal propensity to consume (MPC). C) increases. D) stays the same.
Briefly explain the process of multiple deposit creation
What will be an ideal response?
Automatic stabilizers are
A) provisions that cause changes in government spending and taxes without new action by Congress or the President. B) policies set by certain committees in Congress. C) tools used by the President's Council of Economic Advisers. D) provisions that cause the aggregate supply curve to be upward sloping.
One reason why better-looking workers may have higher earnings is that physical attractiveness may enhance a worker's productivity for certain jobs, especially for those workers who deal with the public
a. True b. False Indicate whether the statement is true or false