The natural rate of unemployment is that rate
A) below which the economy can never be.
B) corresponding to full-employment.
C) corresponding to a constant rate of inflation.
D) which is zero.
C
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Critics of the Keynesian view argue that increases in government spending financed by borrowing will hamper the recovery from a recession and slow long term growth because
What will be an ideal response?
The aggregate demand shifts to the left if
A) the government increases spending. B) the Fed sells government bonds. C) the government decreases taxes. D) the Fed decreases the required reserve ratio.
One result of asymmetric information in the market for used cars is that buyers benefit at the expense of sellers
a. True b. False
A monopolist maximizes profits by producing where which of the following occurs?
A. MC = P. B. AC = P. C. MC = MR. D. AC = AR.