A point inside a nation's production possibilities curve can represent:
a. a recession.
b. an increase in population size.
c. an economic growth.
d. a technological advancement.
e. an improvement in living standards.
a
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An economist claims that changes in information technology and unemployment insurance have reduced unemployment. Which of these changes affect frictional unemployment?
a. both the changes in information technology and unemployment insurance b. only the changes in information technology c. only the changes in unemployment insurance d. neither the changes in information technology nor the changes in unemployment insurance
Core inflation is a measure of:
A. the change in the Consumer Price Index with durable goods excluded. B. an overall rise in prices in the economy. C. inflation that excludes goods with historically volatile price changes. D. the Consumer Price Index with durable goods excluded.