If there are no statistical discrepancies, NDP is:
a) NI minus net foreign factor income.
b) NI plus corporate income taxes.
c) GDP deflated for increases in the price level.
d) GDP minus taxes on production and imports.
a) NI minus net foreign factor income.
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Along the short-run Phillips curve SRPC0 the natural unemployment rate is
A) 7 percent. B) 3 percent. C) 6 percent. D) an amount that can be determined from the figure, but none of the above answers is correct. E) an amount that cannot be determined from the figure. The figure above shows some Phillips curves for an economy.
When a Pigouvian subsidy is imposed on a market with a positive externality efficiency:
A. is not affected. B. increases. C. decreases. D. drops to zero.
The organization structure where a group performing a specialized task reports to a manager in that same area
a. functional b. line and staff c. product d. matrix
Which of the following is a monetary policy tool used by the Federal Reserve Bank?
A. Decreasing the rate at which banks can borrow money from the Federal Reserve B. Increasing the reserve requirement from 10% to 12.5% C. Buying 500 million worth of government securities, such as treasury bills D. All of the above