The unemployment rate will never be zero because the economy is dynamic and always changing.
Answer the following statement true (T) or false (F)
True
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
In the above table, what is the average variable cost to produce 4 units of output?
Congress passed the Clean Air Act in 1970. Since this act was passed, emissions of the six main air pollutants
A) have increased significantly due to the growth of the U.S. economy. B) cannot be measured since Congress failed to appropriate money to monitor the level of emissions. C) have fallen by more than one-half. D) have remained essentially constant, even though significant economic growth has occurred in the United States since 1970.
The long-run average total cost curve is constructed from the
A. Lowest average total cost for producing each level of output. B. Minimum points of the long-run marginal cost curves. C. Minimum points of the short-run marginal cost curves. D. Minimum points of the short-run average variable cost curves.