The gap between the current unemployment rate and the natural rate of unemployment is called:
A) frictional unemployment
B) structural unemployment
C) cyclical unemployment
D) full employment
C
Economics
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A good for which the demand falls when income rises
a. demand curve b. income effect c. elastic d. inferior good
Economics
Long-run economic growth (meaning the economy's average annual rate of growth over an extended period is greater than zero) is depicted by a(n)
a. horizontal trend line b. downward-sloping trend line c. fluctuating trend line (which fluctuates around the average) d. upward-sloping trend line e. vertical trend line
Economics