Economists refer to the "typical" rate of unemployment as the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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Careetha has just taken a fixed-rate loan and agreed to pay a nominal interest rate of 6 percent. If the inflation rate during the first year of the loan was 2 percent, her real interest rate that first year was
a. 6 percent b. 8 percent c. 4 percent d. 12 percent e. impossible to calculate without additional information
Fiscal stimulus is most likely to direct resources into productive projects when spending decisions are left in the hands of
What will be an ideal response?
The more substitutable capital and labor are in production, the more likely it is that the cross-price demand curve for capital (relative to the wage) is upward sloping.
Answer the following statement true (T) or false (F)
Using a unified analytic framework to present the information in the text keeps the knowledge
A) focused on theories that have little to do with actual behavior. B) theoretical and uninteresting. C) abstract and not applicable to real life. D) from becoming obsolete.