The natural unemployment rate ________
A) is the same from year to year
B) is greater than the actual rate of unemployment
C) is the unemployment rate when there is no cyclical unemployment
D) equals zero
C
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Using the data in the above table, if the private sector runs a surplus of $250 billion, imports will equal $1,000 billion if
A) government expenditure equals -$750 billion. B) investment equals -$1000 billion. C) government expenditure equals -$1000 billion. D) the government sector runs a deficit of $750 billion.
You have been asked by your economics professor to graph the market for lumber and then to analyze the change that would occur in equilibrium price as a result of recent forest fires in the west. Your first step would be to
a. decide which direction to shift the curve. b. decide whether the fires affected demand or supply. c. graph the shift to see the effect on equilibrium. d. None of the above is correct.
Refer to Figure 13A.2. If the economy were originally saving at the rate s1 but changed to the rate s2:
A. depreciation will not catch up to total saving. B. capital deepening will continue past K2. C. saving exceeds depreciation at K1. D. the economy stops growing at e1.
The following graph depicts demand. 
The price elasticity of demand at point B is:
A. 1/3. B. 3/4. C. 4/3. D. 3.