__________ identifies the level of Real GDP the economy produces when all economywide adjustments have taken place and there are no misperceptions on the part of workers
A) Short-run equilibrium
B) Disequilibrium
C) Long-run equilibrium
D) Equilibrium
E) none of the above
C
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If the federal government implements programs so that the unemployed are more quickly matched with jobs, then
A) the natural rate of unemployment will decrease. B) the natural rate of unemployment could either increase or decrease. C) the natural rate of unemployment will not change. D) the natural rate of unemployment will increase.
Banks are better at solving the stockholder-lender conflict than rating agencies when they
A) are allowed to hold a substantial ownership stake in the borrowing firm. B) steer clear of holding any ownership stake in the borrowing firm. C) operate in markets-oriented financial systems. D) issue individually-approved loans rather than lines of credit.