Unemployment data are collected
a. from unemployment insurance claims.
b. through a regular survey of about 60,000 households.
c. through a regular survey of about 200,000 firms.
d. All of the above are correct.
b
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In general, the faster inflationary expectations adjust, the: a. less macro policy can influence unemployment
b. better discretionary policy can be expected to work. c. slower the adjustment of the short-run Phillips curve. d. stronger the case for active policy. e. more effectively a policy can influence unemployment.
Milton Friedman argued that the Fed's control over the money supply could be used to peg
a. the level or growth rate of a nominal variable, but not the level or growth rate of a real variable. b. the level of a nominal or real variable, but not the growth rate of a real or nominal variable. c. the level or growth rate of a real variable, but not the level or growth rate of a nominal variable. d. both levels and growth rates of both real and nominal variables.