The natural rate of unemployment worsens if:
a. Unemployment benefits drastically improve.
b. Capital markets become more competitive.
c. A nation's resource endowments expand.
d. All of the above.
e. Actually, the natural rate cannot worsen. That's why it's called "natural."
.A
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Which specific government agency monitors unemployment?
A) Bureau of Labor Statistics B) Executive Branch C) State Department D) Commerce Department
How do changes in the money wage rate affect the LAS and SAS curves? Explain your answer
What will be an ideal response?
Regional trading bloc agreements
a. are not considered trade restrictions b. are required by World Trade Organization rules c. exist primarily in Russia, Africa, and South America d. require all nations in a specified region to trade only with other countries in the same geographic area e. make special trade deals between countries in that region and discriminate against countries outside the region
Only a market economy must answer the questions of what goods to produce, how to produce them, and for whom to produce them
a. True b. False Indicate whether the statement is true or false