Which of the following is eliminated when output equals full-employment GDP?
A. Cyclical unemployment.
B. Demand-pull inflation.
C. Net exports.
D. The need for autonomous consumption.
Answer: A
You might also like to view...
Everything else held constant, in the market for reserves, when the federal funds rate is 3%, increasing the interest rate paid on excess reserves from 1% to 2%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
Currently, the FDIC insures deposits up to a limit of
A) $1000. B) $100,000. C) $250,000. D) $1,000,000.
Society's production possibilities frontier
a. helps explain the immense complexity of the real economy b. demonstrates that, although resources are scarce for individuals, there is no problem of scarcity for society as a whole c. is based on unrealistic assumptions and therefore has no value as an economic tool d. is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and economic growth e. is based on the assumption that technology is constantly changing
The huge national debt of the United States is likely to lead to bankruptcy of the national government
a. True b. False Indicate whether the statement is true or false