When the economy is at full employment __________ interest rates are __________ by an expansionary monetary policy if inflationary expectations are generated

The above figure shows the domestic supply of and domestic demand for an imported good. The world price is $15 per unit

a. At the world price of $15 per unit, what is the domestic consumption and domestic production? b. At the world price of $15 per unit, what is the quantity imported? c. If the government imposes a tariff of $5 per unit, what is the domestic consumption and domestic production? d. With the $5 per unit tariff, what is the quantity imported? e. How much revenue does the government collect with a tariff of $5 per unit?

Structural unemployment will decline if:

a. more seasonal work becomes available. b. the government increases taxes to support more welfare programs. c. consumer spending on new technology decreases. d. computerized job-search systems are improved. e. retrained workers can move to areas where new jobs are available.