Which of the following will most likely reduce the natural rate of unemployment?
a. an increase in the minimum wage
b. an increase in unemployment benefits
c. an increase in the proportion of prime-age workers (35-54) as a share of the labor force
d. an increase in the labor force participation rate of teenagers
C
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The Seattle Mariners baseball team has a monopoly on major league baseball in the Northwest. If the Mariners could be purchased by anyone with enough money, we could argue that this purchase is fair according to the
A) fair rules test. B) fair results test. C) fair price test. D) fair output test. E) allocative fairness test.
Suppose the Fed purchases Treasury securities. Interest rates in the United States will ________ and the U.S. dollar will ________ against foreign currencies
A) decrease; depreciate B) increase; depreciate C) decrease; appreciate D) increase; appreciate