Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a:
A. rightward shift of the aggregate demand curve along a fixed aggregate supply curve.
B. rightward shift of the aggregate supply curve along a fixed aggregate demand curve.
C. rightward shift of the aggregate demand curve and a rightward shift of the aggregate
supply curve.
D. leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply
curve.
C. rightward shift of the aggregate demand curve and a rightward shift of the aggregate
supply curve.
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According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is
A. considered unemployed. B. considered underemployed. C. counted as a "not currently working" member of the labor force. D. not a member of the labor force.
GNP equals GDP
A) minus net receipts of factor income from the rest of the world. B) plus receipts of factor income from the rest of the world. C) minus receipts of factor income from the rest of the world. D) plus net receipts of factor income from the rest of the world. E) minus depreciation.