From the late 1980s to 2000, the natural rate of unemployment
A. held constant.
B. fluctuated up and down, following the path of the actual rate of unemployment.
C. climbed sharply.
D. gradually declined.
Answer: D
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After 1995 U.S. growth rate ________ and the European Rate ________
A) slowed down; speeded up B) speeded up; slowed down C) slowed down; slowed down D) speeded up, speeded up
Which of the following changes is observed when the Fed increases the federal funds rate? a. Inflation is brought to an immediate halt
b. The inflation rate increases for several months, but then begins to decrease. c. Major banks try to offset this change by lowering the interest rates they charge on loans. d. Major banks try to offset this change by lowering the interest rates they pay on savings deposits. e. Major banks raise the prime interest rate that they charge to their best customers.
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower output. C. lower prices. D. None of these is true.
________ is a situation in which a firm or a player in game theory chooses the best strategy given the strategies chosen by others
a. Nash equilibrium b. Dominant-strategy equilibrium c. Prisoner's dilemma d. Tit-for-tat