If the actual rate of unemployment equals the natural rate of unemployment, then:
A. potential output equals real GDP.
B. potential output is greater than real GDP.
C. potential output is less than real GDP.
D. there is a recessionary gap.
Answer: A
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The exchange rate can be influenced by a nation's central bank
Indicate whether the statement is true or false
Banks are firms who are in business, like butchers, bakers, and candlestick makers, to make profit. They accept deposits from savers and use those deposits to make loans to borrowers. The profit they make is
a. their excess reserves, remaining in the bank after loans are made b. regulated by the FDIC c. regulated by the Federal Reserve System d. the difference between the interest rate they pay to their borrowers and the interest rate they charge to their depositors e. the difference between the interest rate they pay to their depositors and the interest rate they charge to their borrowers
The decline in union membership in the manufacturing economy has given way to a rise in union organizing in the ______________.
Fill in the blank(s) with the appropriate word(s).
A group of producers that agree to coordinate their production is called a
A) cartel. B) monopoly. C) free market competition. D) vertical merger.