The natural rate of unemployment is
A. the unemployment rate that exists in long-run equilibrium, after adjustments to all changes have occurred.
B. zero.
C. the unemployment rate when there is no structural unemployment.
D. the unemployment rate becomes negative.
Answer: A
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In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm will
A) produce 50 units. B) produce 35 units. C) produce 10 units. D) choose not to produce.
_____ is an important determinant of its standard of living in the long run
a. A nation's net exports b. The productivity of a nation's resources c. A nation's population growth rate d. The deficit in a nation's capital account e. The deficit in a nation's current account
Demand for an input is derived from the demand for the final product
a. True b. False Indicate whether the statement is true or false
A quarter is an example of commodity money because the metal used to manufacture it has some value
a. True b. False Indicate whether the statement is true or false