The bulk of the decline in the natural rate of unemployment from 1980 to 2000 is because of
A) a decline in the inflation rate.
B) a decline in the share of young workers in the labor force.
C) increased competition from foreign workers.
D) the depreciation of the dollar relative to foreign currencies.
B
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One lesson of business: a. is tracing the consequences of a policy
b. promoting a policy change to eradicate inefficiencies. c. moving assets from lower to higher value uses, thereby creating wealth. d. None of the above
In the United States, between 2007 and 2012, carbon dioxide emissions fell by 12 percent, primarily because of
a. fewer highway miles driven by cars and trucks. b. expanded use of ethanol as the result of regulations imposed by the Environmental Protection Agency. c. an increase in the supply and lower prices of natural gas, leading to substitution of this cleaner fuel for coal in the generation of electricity. d. milder weather in the nation during the period, which reduced the energy demanded, and fuel used for heating and cooling.
A price floor will be binding only if it is set
A. equal to the equilibrium price. B. either above or below the equilibrium price. C. above the equilibrium price D. below the equilibrium price
In the former Soviet Union most of the farmland was in the form of _____________________.
Fill in the blank(s) with the appropriate word(s).