The Fed
A) can easily distinguish the minor ups and downs of the economy from a recession.
B) can have difficulty distinguishing the minor ups and downs of the economy from a recession.
C) always times its policy responses correctly.
D) can easily determine if a drop in production means a recession is inevitable.
Answer: B
Economics
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Actual unemployment can fall below the natural rate of unemployment due to
A) negative cyclical unemployment. B) structural unemployment. C) frictional unemployment. D) all of the above.
Economics
In the market for Canadian dollars measured in US dollars, if the price of a Canadian dollar is 0.90 cents US, a US dollar is
a. 0.90 cents Canadian b. 1 Canadian dollar c. 1.11 Canadian dollars d. 1.05 Canadian dollars
Economics