If the natural rate of unemployment is 5.2 percent and the actual rate of unemployment is 5.7 percent, then by definition there is
a. cyclical unemployment amounting to 0.5 percent of the labor force.
b. frictional unemployment amounting to 0.5 percent of the labor force.
c. structural unemployment amounting to 0.5 percent of the labor force.
d. search unemployment amounting to 0.5 percent of the labor force.
a
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Which of the following is not considered to be a resource in economics?
A. land B. labor C. machinery D. money
NOW accounts were developed in order to
A) circumvent Regulation Q. B) provide banks with a checkable deposit on which they did not have to pay interest. C) provide banks with a liquid, interest-earning asset. D) provide banks with a means of earning interest on the funds in their reserve accounts with the Fed.
If the U.S. dollar appreciates, it means that
a. the domestic price level has declined. b. the domestic purchasing power of the dollar has decreased. c. fewer U.S. dollars are required to purchase foreign currencies. d. more U.S. dollars are required to purchase foreign currencies.
Refer to the circular-flow model in Exhibit 1.1. If A represents product markets, and D represents firms, then the flow from A to D is _____
a. revenue. b. expenditures. c. labor, capital, and natural resources. d. goods and services. e. wages, interest, rent, and profit. check image at top